Baypointe Partners LLC Has $2.35 Million Stock Position in RH $RH

Key Points

• Baypointe Partners cut its RH position by 71.4% in the second quarter, selling 35,714 shares and retaining 14,286 shares worth approximately $2.35 million. RH remains 5.6% of the fund’s portfolio, while institutional investors collectively own 90.17% of the stock.
• RH is scheduled to report fiscal second-quarter 2026 results on September 10. The company’s previous quarter exceeded revenue and EPS expectations, but revenue declined 1.7% year over year and the stock is trading below its 50-day moving average.
• Analysts have a consensus “Hold” rating with an average price target of $173.36, while RH insiders sold approximately $21.9 million of stock over the past three months.

Baypointe Partners LLC decreased its position in RH (NYSE:RH - Free Report) by 71.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,286 shares of the company's stock after selling 35,714 shares during the period. RH accounts for 5.6% of Baypointe Partners LLC's investment portfolio, making the stock its 6th biggest holding. Baypointe Partners LLC owned 0.08% of RH worth $2,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RH. Harvest Fund Management Co. Ltd bought a new position in shares of RH in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB lifted its holdings in RH by 200.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company's stock worth $31,000 after acquiring an additional 116 shares during the period. Advisory Services Network LLC purchased a new position in RH in the third quarter worth $31,000. Modus Advisors LLC purchased a new position in RH in the fourth quarter worth $34,000. Finally, Geneos Wealth Management Inc. bought a new position in RH in the 1st quarter valued at $42,000. Institutional investors own 90.17% of the company's stock.

Key Headlines Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH is scheduled to release fiscal second-quarter 2026 results after the market close on September 10. The report will include a shareholder letter from Chairman and CEO Gary Friedman, giving investors an update on recent performance and the company’s ongoing strategic evolution. RH to Report Second Quarter Fiscal 2026 Financial Results on September 10, 2026
• Positive Sentiment: A Zacks preview indicates that RH has factors supporting a potential earnings beat, which could help the stock if the company exceeds expectations and provides constructive guidance. However, the article does not disclose actual results or a confirmed estimate revision. RH Expected to Beat Earnings Estimates
• Negative Sentiment: Investors remain exposed to execution risk ahead of the report. RH’s previous quarter showed revenue down 1.7% year over year, and the company’s shares are trading below their 50-day moving average, suggesting caution as the market assesses demand, margins and forward guidance.

RH Stock Performance

Shares of RH stock opened at $146.82 on Friday. The firm's 50 day moving average is $169.19 and its 200 day moving average is $152.51. The stock has a market capitalization of $2.77 billion, a P/E ratio of 28.34, a PEG ratio of 3.51 and a beta of 1.85. RH has a 12 month low of $106.30 and a 12 month high of $257.00. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96.

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 analysts' consensus estimates of ($2.12) by $0.15. The business had revenue of $800.33 million for the quarter, compared to analysts' expectations of $792.55 million. RH had a net margin of 3.01% and a return on equity of 423.79%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, sell-side analysts anticipate that RH will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp reaffirmed a "sector weight" rating on shares of RH in a research report on Friday, June 12th. Robert W. Baird increased their price target on shares of RH from $125.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, June 12th. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price objective on shares of RH in a research report on Monday, May 11th. Stifel Nicolaus boosted their target price on shares of RH from $110.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of RH from $225.00 to $212.00 and set an "overweight" rating for the company in a research report on Monday, August 17th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $173.36.

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 stock was sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the transaction, the director owned 25,680 shares in the company, valued at $4,325,539.20. This trade represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary G. Friedman sold 48,238 shares of RH stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $158.66, for a total value of $7,653,441.08. Following the transaction, the chief executive officer directly owned 3,226,337 shares of the company's stock, valued at $511,890,628.42. The trade was a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 132,749 shares of company stock worth $21,856,812. 26.90% of the stock is owned by company insiders.

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.

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