RH $RH Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lessened its stake in RH (NYSE:RH) by 91.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,834 shares of the company’s stock after selling 60,606 shares during the period. Hodges Capital Management Inc.’s holdings in RH were worth $961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Senvest Management LLC boosted its stake in shares of RH by 30.1% in the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock worth $150,948,000 after buying an additional 194,773 shares during the last quarter. Durable Capital Partners LP lifted its holdings in RH by 125.1% in the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after acquiring an additional 359,101 shares during the period. Alliancebernstein L.P. boosted its position in RH by 66.1% in the 3rd quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after purchasing an additional 228,229 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of RH by 40.9% during the 3rd quarter. Two Sigma Investments LP now owns 359,093 shares of the company’s stock worth $72,953,000 after purchasing an additional 104,154 shares during the period. Finally, Morgan Stanley grew its stake in shares of RH by 0.8% during the 4th quarter. Morgan Stanley now owns 353,996 shares of the company’s stock worth $63,419,000 after purchasing an additional 2,658 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman sold 69,069 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $169.48, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carlos Alberini purchased 11,388 shares of RH stock in a transaction that occurred on Monday, June 29th. The shares were bought 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 in the company, valued at approximately $5,179,371. The trade was a 54.74% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 132,749 shares of company stock valued at $21,856,812 over the last ninety days. Corporate insiders own 26.90% of the company’s stock.

Key RH News

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wells Fargo forecast strong price appreciation for RH, providing a potentially supportive analyst signal and helping reinforce the recovery from the stock’s 52-week low. Wells Fargo forecasts strong price appreciation for RH
• Neutral Sentiment: RH was recently identified among the market’s most-shorted stocks. High short interest can reflect bearish investor expectations, but it also creates the possibility of short-covering and sharper upward moves if sentiment improves. Short sellers attack RH
• Negative Sentiment: A recent market update said RH fell while the broader market advanced, indicating near-term relative weakness and continued sensitivity to investor concerns about the luxury-home-furnishings retailer. RH stock slides as market rises

RH Trading Up 1.0%

Shares of RH stock opened at $181.40 on Friday. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 35.02, a PEG ratio of 4.20 and a beta of 1.87. The stock has a 50 day simple moving average of $168.18 and a 200-day simple moving average of $157.87. RH has a 1-year low of $106.30 and a 1-year high of $257.00.

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, beating analysts’ consensus estimates of ($2.12) by $0.15. RH had a net margin of 3.01% and a return on equity of 423.79%. The firm had revenue of $800.33 million for the quarter, compared to analysts’ expectations of $792.55 million. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that RH will post 4.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on RH shares. Guggenheim reiterated a “buy” rating and issued a $200.00 target price on shares of RH in a research note on Friday, June 12th. Citigroup raised 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. KeyCorp reaffirmed a “sector weight” rating on shares of RH in a report on Friday, June 12th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Wells Fargo & Company increased their target price on shares of RH from $175.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, RH presently has a consensus rating of “Hold” and an average target price of $174.29.

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.