21,973 Shares in RH $RH Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 21,973 RH shares worth approximately $3.62 million in the second quarter, while institutional investors and hedge funds collectively owned 90.17% of the stock.
• RH beat quarterly expectations with a loss of $1.97 per share versus the $2.12 consensus estimate and revenue of $800.3 million versus $792.6 million expected. However, revenue fell 1.7% year over year and the company swung from a profit to a loss.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $173.36; meanwhile, CEO Gary Friedman sold $7.65 million of stock, while director Carlos Alberini bought approximately $1.83 million.

Landscape Capital Management L.L.C. bought a new stake in RH (NYSE:RH - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,973 shares of the company's stock, valued at approximately $3,620,000. Landscape Capital Management L.L.C. owned approximately 0.12% of RH at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in shares of RH during the 1st quarter worth about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of RH by 6.2% in 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 valued at $9,053,000 after acquiring an additional 2,244 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of RH by 24.4% in the 2nd quarter. Prudential Financial Inc. now owns 1,593 shares of the company's stock valued at $301,000 after acquiring an additional 312 shares in the last quarter. Federated Hermes Inc. increased its position in shares of RH by 30.1% in the second quarter. Federated Hermes Inc. now owns 1,137 shares of the company's stock valued at $215,000 after acquiring an additional 263 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of RH by 9.5% in the second 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 during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Stock Down 2.1%

Shares of RH stock opened at $153.05 on Friday. The company has a debt-to-equity ratio of 54.96, a quick ratio of 0.32 and a current ratio of 1.13. The firm's 50-day moving average is $169.50 and its 200-day moving average is $156.40. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 3.72 and a beta of 1.87. RH has a 52-week low of $106.30 and a 52-week high of $257.00.

RH (NYSE:RH - Get Free Report) last issued its earnings results 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 net margin of 3.01% and a return on equity of 423.79%. The business had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same period last year, the business posted $0.13 EPS. RH's revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that RH will post 4.2 EPS for the current year.

More RH News

Here are the key news stories impacting RH this week:

• Neutral Sentiment: Analysts’ consensus rating remains “Hold,” suggesting investors may want clearer evidence of a sustained recovery before assigning RH a stronger valuation. RH Receives Consensus Rating of Hold from Analysts
• Positive Sentiment: RH exceeded quarterly earnings expectations, reporting a loss of $1.97 per share versus the $2.12 consensus estimate, while revenue of $800.3 million also topped forecasts.
• Negative Sentiment: The company’s results remained challenging: revenue declined year over year, and RH swung from a $0.13-per-share profit in the comparable quarter to a quarterly loss.

Insider Buying and Selling at RH

In other news, CEO Gary G. Friedman sold 48,238 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total value of $7,653,441.08. Following the completion of the sale, the chief executive officer directly owned 3,226,337 shares of the company's stock, valued at $511,890,628.42. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Carlos Alberini bought 11,388 shares of RH stock in a transaction dated 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 completion of the purchase, the director directly owned 32,190 shares in the company, valued at $5,179,371. This trade represents a 54.74% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 132,749 shares of company stock worth $21,856,812 over the last 90 days. Company insiders own 26.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on RH shares. JPMorgan Chase & Co. reduced their price target on RH from $225.00 to $212.00 and set an "overweight" rating for the company in a research report on Monday, August 17th. Bank of America began coverage on RH in a research report on Monday, August 3rd. They set an "underperform" rating and a $156.00 price target on the stock. Guggenheim reiterated a "buy" rating and set a $200.00 price objective on shares of RH in a research note on Friday, June 12th. Weiss Ratings reissued a "sell (d)" rating on shares of RH in a report on Friday, July 24th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $240.00 price objective on shares of RH in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $173.36.

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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