12,342 Shares in RH $RH Acquired by Oak Thistle LLC

Key Points

• Oak Thistle LLC acquired 12,342 RH shares worth approximately $2.03 million, representing about 0.07% of the company. Institutional investors collectively own 90.17% of RH.
• RH’s latest quarterly revenue fell 1.7% year over year to $800.33 million, but exceeded estimates, while adjusted earnings per share also beat expectations. The stock opened at $180, with a market capitalization of about $3.4 billion.
• Analyst sentiment remains mixed: Wells Fargo raised its price target to $225 and rated RH “overweight,” while the broader analyst consensus remains “Hold” with an average target of $174.29. CEO Gary Friedman also sold roughly $11.7 million in shares, while a director purchased about $1.83 million.

Oak Thistle LLC purchased a new stake in RH (NYSE:RH - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,342 shares of the company's stock, valued at approximately $2,033,000. Oak Thistle LLC owned about 0.07% of RH as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. United Services Automobile Association acquired a new stake in RH in the 1st quarter valued at $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of RH by 6.2% during the 1st 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 buying an additional 2,244 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of RH by 24.4% during the 2nd quarter. Prudential Financial Inc. now owns 1,593 shares of the company's stock worth $301,000 after buying an additional 312 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of RH by 30.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,137 shares of the company's stock valued at $215,000 after acquiring an additional 263 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of RH by 9.5% in the 2nd 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 in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Stock Performance

NYSE:RH opened at $180.00 on Thursday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 4.28 and a beta of 1.87. RH has a 1 year low of $106.30 and a 1 year high of $257.00. The stock's 50 day simple moving average is $166.95 and its two-hundred day simple moving average is $158.05. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32.

RH (NYSE:RH - Get Free Report) last posted its earnings results 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. RH had a net margin of 3.01% and a return on equity of 423.79%. The firm had revenue of $800.33 million during the quarter, compared to analyst estimates of $792.55 million. During the same period last year, the firm posted $0.13 earnings per share. RH's revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that RH will post 4.27 earnings per share for the current fiscal year.

RH News Roundup

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wells Fargo raised its price target for RH to $225 from $175 and reiterated an “overweight” rating, implying substantial upside from recent trading levels. The bullish view provides potential support for the stock and reflects confidence in the company’s longer-term outlook. Wells Fargo raises RH price target
• Neutral Sentiment: A recent Zacks review noted that RH finished the session at $180.25 after weakening relative to the broader market. The report primarily provides trading context and does not identify a new earnings miss, guidance reduction, or material company announcement driving the move. RH stock slides as market rises
• Negative Sentiment: Investor concerns may be tied to RH’s still-mixed operating backdrop. In its latest reported quarter, revenue decreased 1.7% year over year, although sales and adjusted earnings were better than analysts expected. With the stock trading at a relatively elevated valuation and below its 52-week high, investors may be locking in gains or waiting for clearer evidence of renewed revenue growth.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RH. UBS Group decreased their target price on shares of RH from $160.00 to $155.00 and set a "neutral" rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price target on shares of RH from $175.00 to $225.00 and gave the stock an "overweight" rating in a research report on Tuesday. KeyCorp reiterated a "sector weight" rating on shares of RH in a research note on Friday, June 12th. Stifel Nicolaus lifted their price objective on shares of RH from $110.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, June 12th. Finally, TD Cowen restated a "buy" rating on shares of RH in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $174.29.

Insider Buying and Selling

In other RH news, CEO Gary G. Friedman sold 69,069 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlos Alberini acquired 11,388 shares of the firm's stock in a transaction on Monday, June 29th. The shares were bought at an average price of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the transaction, the director owned 32,190 shares of the company's stock, valued at approximately $5,179,371. This trade represents a 54.74% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 132,749 shares of company stock worth $21,856,812. Corporate insiders own 26.90% of the company's stock.

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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