RH $RH is Union Square Park Capital Management LLC’s 2nd Largest Position

Union Square Park Capital Management LLC raised its position in shares of RH (NYSE:RH) by 18.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. RH makes up approximately 5.2% of Union Square Park Capital Management LLC’s holdings, making the stock its 2nd largest position. Union Square Park Capital Management LLC’s holdings in RH were worth $9,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RH. Integrated Financial Solutions Inc. grew its stake in RH by 133.3% in the fourth quarter. Integrated Financial Solutions Inc. now owns 15,375 shares of the company’s stock worth $2,754,000 after purchasing an additional 8,785 shares during the period. M&T Bank Corp boosted its stake in RH by 7,340.8% during the fourth quarter. M&T Bank Corp now owns 163,475 shares of the company’s stock worth $29,058,000 after acquiring an additional 161,278 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in RH by 70.6% in the fourth quarter. Evergreen Capital Management LLC now owns 34,414 shares of the company’s stock worth $6,165,000 after purchasing an additional 14,247 shares during the period. Norges Bank bought a new stake in shares of RH in the 4th quarter worth approximately $28,092,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of RH in the 4th quarter worth approximately $1,792,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Key RH News

Here are the key news stories impacting RH this week:

• Positive Sentiment: William Blair reiterated a Buy rating on RH, citing strengthening fundamentals and a multiyear profit growth outlook, which can help support investor confidence. Robert Half Wins Buy Rating on Strengthening Fundamentals and Multiyear Profit Growth Outlook
• Positive Sentiment: RH announced two leadership moves, including the promotion of Sandy Pilon to Chief Customer Experience & Values Officer and the appointment of Ryan Hassanein as Chief Legal & Compliance Officer, suggesting continued internal investment in operations and governance. RH Announces the Promotion of Sandy Pilon to Chief Customer Experience & Values Officer
• Neutral Sentiment: RH did not release new financial results in the highlighted items, so near-term trading is likely being driven more by analyst commentary and management changes than by a fresh earnings update.
• Negative Sentiment: Investors may still be weighing RH’s recent softer earnings picture, including revenue down 1.7% year over year and EPS of ($1.97), even though both figures beat expectations. This can limit upside if the market focuses on margin pressure and slower growth.

Insider Transactions at RH

In related news, Director Mark S. Demilio sold 3,102 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $144.00, for a total transaction of $446,688.00. Following the sale, the director directly owned 25,830 shares of the company’s stock, valued at $3,719,520. This trade represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman sold 69,069 shares of RH stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the sale, the chief executive officer owned 3,282,268 shares of the company’s stock, valued at $556,278,780.64. The trade was a 2.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 132,749 shares of company stock worth $21,856,812 over the last quarter. 26.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RH has been the subject of a number of analyst reports. BNP Paribas Exane reduced their price objective on RH from $130.00 to $96.00 and set a “strong sell” rating for the company in a research report on Wednesday, April 1st. Zacks Research raised RH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Guggenheim reissued a “buy” rating and issued a $200.00 target price on shares of RH in a research note on Friday, June 12th. Wall Street Zen downgraded RH from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Finally, Weiss Ratings lowered RH from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, RH has an average rating of “Hold” and an average target price of $171.71.

RH Price Performance

Shares of RH opened at $174.61 on Friday. RH has a twelve month low of $106.30 and a twelve month high of $257.00. The company has a market capitalization of $3.30 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 4.00 and a beta of 1.88. The firm has a 50 day moving average of $156.38 and a 200 day moving average of $161.98. The company has a quick ratio of 0.32, a current ratio of 1.13 and a debt-to-equity ratio of 54.96.

RH (NYSE:RH) last released its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The business had revenue of $800.33 million for the quarter, compared to analysts’ expectations of $792.55 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that RH will post 4.27 earnings per share for the current fiscal 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.