Primoris Wealth Advisors LLC Buys New Stake in RH $RH

Key Points

• Primoris Wealth Advisors LLC initiated a 10,500-share RH position worth approximately $1.73 million, while institutional investors collectively own 90.17% of the company.
• Analyst sentiment remains mixed: RH has an average “Hold” rating and a consensus price target of $174.29, despite Wells Fargo raising its target to $225 and Guggenheim maintaining a “Buy” rating.
• RH’s latest quarter modestly beat expectations, reporting a $1.97 per-share loss and $800.33 million in revenue, although revenue declined 1.7% year over year. Insider activity was mixed, with a director buying shares while the CEO and other insiders sold stock.

Primoris Wealth Advisors LLC purchased a new position in RH (NYSE:RH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,500 shares of the company's stock, valued at approximately $1,730,000. Primoris Wealth Advisors LLC owned about 0.06% of RH as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. United Services Automobile Association purchased a new position in shares of RH in the 1st quarter worth $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 during the last quarter. Prudential Financial Inc. grew its position in RH by 24.4% in the second quarter. Prudential Financial Inc. now owns 1,593 shares of the company's stock worth $301,000 after acquiring an additional 312 shares in the last quarter. Federated Hermes Inc. grew its position in RH by 30.1% in the second quarter. Federated Hermes Inc. now owns 1,137 shares of the company's stock worth $215,000 after acquiring an additional 263 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in RH by 9.5% during the second quarter. California Public Employees Retirement System now owns 19,049 shares of the company's stock worth $3,600,000 after acquiring an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

RH has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on RH from $125.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, June 12th. Wells Fargo & Company boosted their target price on RH from $175.00 to $225.00 and gave the company an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group upgraded RH from a "sell" rating to a "neutral" rating and increased their price target for the company from $86.00 to $155.00 in a report on Wednesday, July 8th. Stifel Nicolaus raised their price target on RH from $110.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, June 12th. Finally, Guggenheim reaffirmed a "buy" rating and set a $200.00 price objective on shares of RH in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, RH currently has an average rating of "Hold" and a consensus price target of $174.29.

RH Stock Down 0.4%

NYSE:RH opened at $179.62 on Friday. The stock has a fifty day simple moving average of $167.48 and a 200-day simple moving average of $157.70. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.87. RH has a twelve month low of $106.30 and a twelve month high of $257.00.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings data 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. The company 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 firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Analysts anticipate that RH will post 4.27 EPS for the current year.

Insider Activity

In other news, Director Carlos Alberini purchased 11,388 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price 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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman sold 48,238 shares of the 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 transaction, the chief executive officer directly owned 3,226,337 shares in the company, valued at approximately $511,890,628.42. This trade represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 132,749 shares of company stock valued at $21,856,812. Corporate insiders own 26.90% of the company's stock.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wells Fargo reportedly expects strong appreciation for RH stock, providing a potentially supportive analyst outlook and counterbalancing near-term bearish sentiment. Wells Fargo & Company Forecasts Strong Price Appreciation for RH Stock
• Neutral Sentiment: RH’s latest quarterly results modestly exceeded expectations, with revenue of $800.3 million versus the $792.6 million consensus and a loss of $1.97 per share versus the expected $2.12 loss. However, revenue declined 1.7% year over year, leaving investors focused on whether the company can return to sustained growth.
• Negative Sentiment: RH was identified among the market’s most-shorted stocks. Heavy short positioning highlights concerns about the luxury home-furnishings retailer’s valuation, demand trends and execution, while also increasing the risk of continued volatility and pressure from bearish traders. Short Sellers Attack Ondas, Avis Budget, RH: Here Are the 10 Most Shorted Stocks

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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