Renaissance Technologies LLC Invests $13.95 Million in RH $RH

Renaissance Technologies LLC purchased a new stake in RH (NYSE:RH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 99,800 shares of the company’s stock, valued at approximately $13,954,000.

A number of other institutional investors have also recently modified their holdings of the business. United Services Automobile Association acquired a new position in RH during the first quarter worth $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $9,053,000 after acquiring an additional 2,244 shares in the last quarter. Prudential Financial Inc. lifted its holdings 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 acquiring an additional 312 shares during the period. Federated Hermes Inc. grew its stake in shares of RH by 30.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,137 shares of the company’s stock worth $215,000 after purchasing an additional 263 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of RH by 9.5% during the 2nd quarter. California Public Employees Retirement System now owns 19,049 shares of the company’s stock worth $3,600,000 after purchasing an additional 1,650 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

RH Stock Down 0.2%

RH stock opened at $165.79 on Friday. RH has a fifty-two week low of $106.30 and a fifty-two week high of $257.00. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 3.81 and a beta of 1.88. The stock’s fifty day moving average is $160.67 and its two-hundred day moving average is $160.72. 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 (NYSE:RH) last released its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.12) by $0.15. The business had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. RH had a return on equity of 423.79% and a net margin of 3.01%.The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Analysts predict that RH will post 4.27 EPS for the current fiscal year.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH’s latest quarterly results exceeded expectations: adjusted loss per share was $1.97 versus the $2.12 consensus estimate, while revenue of $800.3 million topped forecasts of $792.6 million. RH quarterly results
• Neutral Sentiment: Despite the earnings and revenue beats, quarterly revenue declined 1.7% year over year, and RH remained exposed to tariff costs, sourcing changes and risks related to converting its order backlog into sales.
• Negative Sentiment: Higher mortgage rates are weighing on sentiment toward RH’s luxury home-furnishings business. The average U.S. 30-year mortgage rate reached 6.66%, while uneven new-home sales suggest fewer housing transactions and renovation opportunities for a company tied closely to high-end residential demand. RH shares slide as rising mortgage rates and housing softness likely pressure sentiment
• Negative Sentiment: Insider selling is adding to investor caution. Chairman and CEO Gary Friedman has sold 125,000 shares over the past six months, while RH insiders recorded 28 sales and only three purchases during that period.
• Negative Sentiment: Analyst expectations appear mixed, with a median price target of $160.50—below the stock’s recent trading level—and targets ranging from $130 to $200. This limits near-term upside conviction while macroeconomic concerns persist.

Insider Activity at RH

In other RH news, Director Mark S. Demilio sold 2,445 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $168.44, for a total transaction of $411,835.80. Following the completion of the transaction, the director directly owned 25,680 shares in the company, valued at approximately $4,325,539.20. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carlos Alberini bought 11,388 shares of the business’s stock in a transaction on Monday, June 29th. The shares were acquired at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the transaction, the director owned 32,190 shares of the company’s stock, valued at $5,179,371. The trade was 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 valued at $21,856,812. Insiders own 26.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on RH shares. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 price objective on shares of RH in a research note on Monday, May 11th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Wall Street Zen cut shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. UBS Group dropped their target price on shares of RH from $160.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, June 9th. Finally, Citigroup lifted their price target on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Seven 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 an average rating of “Hold” and a consensus price target of $171.71.

RH Company 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.