Quantbot Technologies LP Acquires 11,341 Shares of RH $RH

Key Points

• Quantbot Technologies LP increased its RH stake by 409% in the second quarter, purchasing 11,341 additional shares and bringing its holdings to 14,114 shares valued at approximately $2.3 million.
• Institutional investors own 90.17% of RH, with major funds including BlackRock, Senvest Management and Durable Capital Partners also increasing their positions.
• RH shares were trading down 6.3% at $143.61, while analysts maintained a consensus “Hold” rating with an average price target of $173.36. The company beat quarterly earnings estimates but reported a 1.7% year-over-year revenue decline.

Quantbot Technologies LP boosted its holdings in RH (NYSE:RH - Free Report) by 409.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,114 shares of the company's stock after purchasing an additional 11,341 shares during the period. Quantbot Technologies LP owned about 0.07% of RH worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of RH by 41.7% during the 2nd quarter. BlackRock Inc. now owns 1,978,271 shares of the company's stock worth $325,881,000 after buying an additional 581,710 shares during the last quarter. Senvest Management LLC increased its position in shares of RH by 30.1% in the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company's stock valued at $150,948,000 after acquiring an additional 194,773 shares during the last quarter. Durable Capital Partners LP raised its holdings in RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company's stock worth $122,119,000 after acquiring an additional 359,101 shares in the last quarter. Alliancebernstein L.P. raised its holdings in RH by 66.1% during the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company's stock worth $116,546,000 after acquiring an additional 228,229 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in RH by 40.9% during the third quarter. Two Sigma Investments LP now owns 359,093 shares of the company's stock valued at $72,953,000 after purchasing an additional 104,154 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Down 6.3%

Shares of NYSE:RH opened at $143.61 on Tuesday. RH has a 52-week low of $106.30 and a 52-week high of $257.00. The company has a market capitalization of $2.71 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 3.64 and a beta of 1.87. The company has a 50-day simple moving average of $169.42 and a 200 day simple moving average of $155.74. The company has a debt-to-equity ratio of 54.96, a quick ratio of 0.32 and a current ratio of 1.13.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share for the quarter, topping analysts' consensus estimates of ($2.12) by $0.15. The firm had revenue of $800.33 million for the quarter, compared to the consensus estimate of $792.55 million. RH had a return on equity of 423.79% and a net margin of 3.01%.The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share. Sell-side analysts forecast that RH will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RH. Morgan Stanley restated an "overweight" rating and issued a $240.00 price target on shares of RH in a research note on Monday, May 11th. UBS Group dropped their price objective on RH from $160.00 to $155.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 9th. Bank of America began coverage on RH in a report on Monday, August 3rd. They issued an "underperform" rating and a $156.00 price objective for the company. Robert W. Baird raised their target price on shares of RH from $125.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group upgraded shares of RH from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $86.00 to $155.00 in a report on Wednesday, July 8th. Seven 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's stock. Based on data from MarketBeat.com, RH has an average rating of "Hold" and a consensus target price of $173.36.

Insider Transactions at RH

In other RH news, Director Carlos Alberini bought 11,388 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the acquisition, the director owned 32,190 shares of the company's stock, valued at $5,179,371. The trade was a 54.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the sale, the chief executive officer owned 3,282,268 shares in the company, valued at approximately $556,278,780.64. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 132,749 shares of company stock worth $21,856,812. 26.90% of the stock is owned by company insiders.

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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