Man Group plc Raises Stock Position in RH $RH

Key Points

• Man Group plc increased its RH stake by 152.5% in the second quarter, ending with 20,301 shares valued at approximately $3.34 million. Institutional investors collectively own 90.17% of RH.
• RH’s latest quarterly results were mixed: revenue of $800.3 million exceeded estimates and its loss per share was narrower than expected, but revenue declined 1.7% year over year and the company swung to a loss.
• Analyst sentiment remains cautious, with RH carrying a consensus “Hold” rating and an average price target of $173.36. Insiders have sold roughly 132,749 shares worth $21.9 million over the past 90 days, despite a director’s recent purchase of 11,388 shares.

Man Group plc raised its position in RH (NYSE:RH - Free Report) by 152.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,301 shares of the company's stock after purchasing an additional 12,260 shares during the quarter. Man Group plc owned about 0.11% of RH worth $3,344,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. United Services Automobile Association acquired a new position in RH in the first quarter valued at approximately $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 valued at $9,053,000 after purchasing an additional 2,244 shares during the period. Prudential Financial Inc. lifted its stake 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 purchasing an additional 312 shares during the last quarter. Federated Hermes Inc. grew its holdings 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 holdings 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. Hedge funds and other institutional investors own 90.17% of the company's stock.

Insider Transactions at RH

In related news, Director Carlos Alberini bought 11,388 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of $160.90 per share, for a total transaction of $1,832,329.20. Following the completion of the acquisition, the director owned 32,190 shares in the company, valued at approximately $5,179,371. This trade represents a 54.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,445 shares of the business's stock in a transaction on Friday, July 10th. The stock was sold at an average price of $168.44, for a total value of $411,835.80. Following the transaction, the director directly owned 25,680 shares of the company's stock, valued at $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 132,749 shares of company stock valued at $21,856,812. 26.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on RH. JPMorgan Chase & Co. reduced their price objective on shares of RH from $225.00 to $212.00 and set an "overweight" rating on the stock in a report on Monday, August 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of RH in a research note on Friday, July 24th. KeyCorp reissued a "sector weight" rating on shares of RH in a research note on Friday, June 12th. Guggenheim restated a "buy" rating and issued a $200.00 price objective on shares of RH in a report on Friday, June 12th. Finally, Citigroup increased their price objective on shares of RH from $150.00 to $166.00 and gave the stock a "neutral" rating in a research report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, RH presently has a consensus rating of "Hold" and an average target price of $173.36.

RH Stock Down 0.5%

Shares of NYSE:RH opened at $148.80 on Tuesday. The firm has a market capitalization of $2.81 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.56 and a beta of 1.87. RH has a 1 year low of $106.30 and a 1 year high of $257.00. 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 firm's 50-day moving average is $169.56 and its two-hundred day moving average is $153.65.

RH (NYSE:RH - Get Free Report) last posted its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, beating the consensus estimate of ($2.12) by $0.15. The business had revenue of $800.33 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.13 earnings per share. Analysts predict that RH will post 4.2 EPS for the current year.

RH News Roundup

Here are the key news stories impacting RH this week:

• Neutral Sentiment: RH’s latest reported quarterly results were mixed: revenue of $800.3 million exceeded consensus estimates, and the company’s adjusted loss per share was narrower than expected.
• Negative Sentiment: Revenue declined 1.7% year over year, while RH reported a quarterly loss compared with a profit in the prior-year period. The stock also remains below its 50-day moving average, suggesting continued near-term pressure.

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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