Covenant Asset Management LLC lowered its stake in RH (NYSE:RH – Free Report) by 82.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,602 shares of the company’s stock after selling 26,503 shares during the period. Covenant Asset Management LLC’s holdings in RH were worth $1,004,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in RH by 80.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,024 shares of the company’s stock valued at $721,000 after buying an additional 1,794 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in RH by 154.8% during the 4th quarter. Carmel Capital Partners LLC now owns 11,723 shares of the company’s stock worth $2,100,000 after buying an additional 7,123 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of RH by 13.1% in the 4th quarter. Sanctuary Advisors LLC now owns 2,035 shares of the company’s stock worth $365,000 after acquiring an additional 235 shares in the last quarter. NBC Securities Inc. grew its position in shares of RH by 5.4% in the 4th quarter. NBC Securities Inc. now owns 3,775 shares of the company’s stock worth $676,000 after acquiring an additional 192 shares in the last quarter. Finally, Ruffer LLP bought a new stake in shares of RH in the 4th quarter valued at approximately $3,448,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
Insiders Place Their Bets
In other RH news, insider Eri Chaya sold 11,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $137.92, for a total transaction of $1,517,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 25,000 shares of company stock worth $3,370,440. 27.00% of the stock is owned by insiders.
Key Stories Impacting RH
Here are the key news stories impacting RH this week:
- Positive Sentiment: Guggenheim reaffirmed RH as a “buy” and set a $200 price target (~50% above current levels), providing analyst support that could attract value-seeking investors. Guggenheim buy rating and $200 PT
- Positive Sentiment: Hedge fund activity: King Street Capital (Brian Higgins) added RH to its 13F portfolio (reporting ~87,000 shares), signaling institutional interest and potential buying support. RH: Billionaire Brian Higgins Opens New Position
- Neutral Sentiment: Debate over valuation: commentary pieces argue RH’s ~40% pullback after the earnings miss could be a buying opportunity — this frames the stock as a recovery/turnaround trade but depends on execution and margin recovery. Could RH’s Recent 40% Slide Represent a Buying Opportunity?
- Negative Sentiment: Investigation: Pomerantz LLP has launched an investor investigation into RH, creating legal overhang and potential litigation risk that can pressure the stock while uncertainty persists. Pomerantz Investigates Claims On Behalf of RH Investors
- Negative Sentiment: Earnings/margin pressure: Recent quarterly results missed EPS and revenue expectations, and guidance/metrics imply margin recovery will be key — this is the principal reason for the recent selloff and elevated volatility. RH Stock Falls Amid Market Uptick
RH Stock Down 2.0%
RH stock opened at $133.33 on Wednesday. The stock has a market cap of $2.51 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.04 and a beta of 2.10. The firm’s 50-day simple moving average is $142.80 and its 200 day simple moving average is $169.08. RH has a fifty-two week low of $106.30 and a fifty-two week high of $257.00. The company has a quick ratio of 0.31, a current ratio of 1.19 and a debt-to-equity ratio of 51.28.
RH (NYSE:RH – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.53 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.68). The firm had revenue of $842.62 million during the quarter, compared to analyst estimates of $873.48 million. RH had a net margin of 3.63% and a negative return on equity of 567.82%. RH’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. As a group, sell-side analysts predict that RH will post 6.54 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have commented on RH shares. Zelman & Associates reaffirmed an “outperform” rating on shares of RH in a report on Thursday, January 29th. The Goldman Sachs Group dropped their target price on shares of RH from $101.00 to $88.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company reduced their price target on shares of RH from $225.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group reaffirmed a “hold” rating on shares of RH in a report on Tuesday, January 27th. Finally, TD Cowen lowered their price objective on shares of RH from $265.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $176.47.
Read Our Latest Analysis on RH
RH Profile
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.
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