RH $RH Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. cut its stake in shares of RH (NYSE:RH) by 78.0% in the 2nd quarter, Holdings Channel reports. The firm owned 3,434 shares of the company’s stock after selling 12,197 shares during the quarter. Cibc World Market Inc.’s holdings in RH were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. United Services Automobile Association bought a new position in RH during the 1st quarter worth $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in RH by 6.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock valued at $9,053,000 after buying an additional 2,244 shares during the last quarter. Prudential Financial Inc. lifted its stake in RH by 24.4% in the second quarter. Prudential Financial Inc. now owns 1,593 shares of the company’s stock valued at $301,000 after buying an additional 312 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of RH by 30.1% during the second quarter. Federated Hermes Inc. now owns 1,137 shares of the company’s stock valued at $215,000 after acquiring an additional 263 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of RH by 9.5% during the second quarter. California Public Employees Retirement System now owns 19,049 shares of the company’s stock valued at $3,600,000 after acquiring an additional 1,650 shares during the period. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,445 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the sale, the director directly owned 25,680 shares of the company’s stock, valued at approximately $4,325,539.20. This represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carlos Alberini purchased 11,388 shares of RH stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the purchase, the director owned 32,190 shares in the company, valued at approximately $5,179,371. This trade represents a 54.74% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 132,749 shares of company stock worth $21,856,812. 26.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RH in a report on Friday, July 24th. Wells Fargo & Company boosted their target price on shares of RH from $175.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Stifel Nicolaus upped their target price on shares of RH from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of RH in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.36.

Key Headlines Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: Expansion into a new gallery-and-restaurant location may create additional sales opportunities and reinforces RH’s integrated retail-and-hospitality model. RH to bring furniture gallery and restaurant to The Corners
• Neutral Sentiment: The announcement provides limited details on construction costs, launch timing, store economics, or the project’s contribution to revenue and earnings.

RH Trading Up 3.3%

NYSE:RH opened at $149.56 on Friday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.44 and a beta of 1.87. The company has a debt-to-equity ratio of 54.96, a quick ratio of 0.32 and a current ratio of 1.13. RH has a 1 year low of $106.30 and a 1 year high of $257.00. The business has a fifty day moving average of $169.52 and a 200-day moving average of $154.45.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.12) by $0.15. The business had revenue of $800.33 million for the quarter, compared to analysts’ expectations of $792.55 million. RH had a net margin of 3.01% and a return on equity of 423.79%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. Equities analysts predict that RH will post 4.2 earnings per share for the current year.

About RH

RH, formerly Restoration Hardware, is a design-driven luxury retailer specializing in high-end home furnishings, décor, textiles, lighting and outdoor living products. The company offers a curated collection of furniture pieces—including seating, casegoods, beds and dining items—alongside rugs, art and decorative accessories. RH’s product lines are organized into distinct collections, each reflecting a cohesive design philosophy and premium craftsmanship aimed at the residential and hospitality markets.

Founded in 1979 in Eureka, California, by Stephen Gordon, Restoration Hardware began as a small warehouse in Northern California.