RH $RH Shares Sold by Lecap Asset Management Ltd.

Key Points

• Lecap Asset Management cut its RH stake by 69.8% in the second quarter, selling 6,868 shares and retaining 2,973 shares valued at approximately $490,000.
• RH shares opened at $181.40, above the consensus analyst price target of $174.29. Analysts’ ratings remain mixed, resulting in an overall “Hold” consensus.
• RH’s latest quarterly results exceeded expectations, with revenue of $800.33 million and an adjusted EPS loss of $1.97, although revenue declined 1.7% year over year.

Lecap Asset Management Ltd. decreased its stake in shares of RH (NYSE:RH - Free Report) by 69.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,973 shares of the company's stock after selling 6,868 shares during the period. Lecap Asset Management Ltd.'s holdings in RH were worth $490,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RH. Farther Finance Advisors LLC raised its stake in RH by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 248 shares of the company's stock valued at $44,000 after buying an additional 77 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of RH by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,122 shares of the company's stock worth $1,041,000 after acquiring an additional 81 shares in the last quarter. CWM LLC grew its position in shares of RH by 22.7% in the 4th quarter. CWM LLC now owns 492 shares of the company's stock worth $88,000 after acquiring an additional 91 shares in the last quarter. US Bancorp DE increased its holdings in shares of RH by 30.8% in the 3rd quarter. US Bancorp DE now owns 416 shares of the company's stock valued at $85,000 after acquiring an additional 98 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of RH by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,170 shares of the company's stock valued at $443,000 after acquiring an additional 100 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

RH Trading Up 1.0%

Shares of NYSE RH opened at $181.40 on Friday. RH has a 12-month low of $106.30 and a 12-month high of $257.00. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 35.02, a price-to-earnings-growth ratio of 4.20 and a beta of 1.87. 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 stock's 50 day simple moving average is $168.18 and its 200 day simple moving average is $157.87.

RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, topping analysts' consensus estimates of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The firm had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same period in the prior year, the business earned $0.13 EPS. The firm's revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that RH will post 4.27 EPS for the current year.

Key RH News

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wells Fargo forecast strong price appreciation for RH, providing a potentially supportive analyst signal and helping reinforce the recovery from the stock’s 52-week low. Wells Fargo forecasts strong price appreciation for RH
• Neutral Sentiment: RH was recently identified among the market’s most-shorted stocks. High short interest can reflect bearish investor expectations, but it also creates the possibility of short-covering and sharper upward moves if sentiment improves. Short sellers attack RH
• Negative Sentiment: A recent market update said RH fell while the broader market advanced, indicating near-term relative weakness and continued sensitivity to investor concerns about the luxury-home-furnishings retailer. RH stock slides as market rises

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RH shares. Weiss Ratings restated a "sell (d)" rating on shares of RH in a research note on Friday, July 24th. Bank of America began coverage on shares of RH in a research note on Monday, August 3rd. They set an "underperform" rating and a $156.00 target price for the company. UBS Group dropped their target price on shares of RH from $160.00 to $155.00 and set a "neutral" rating on the stock in a report on Tuesday, June 9th. TD Cowen restated a "buy" rating on shares of RH in a research report on Monday. Finally, Robert W. Baird lifted their price target on shares of RH from $125.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, June 12th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $174.29.

Insider Transactions at RH

In related news, Director Mark S. Demilio sold 3,102 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $144.00, for a total value of $446,688.00. Following the sale, the director owned 25,830 shares of the company's stock, valued at $3,719,520. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlos Alberini acquired 11,388 shares of the company'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 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 ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 132,749 shares of company stock worth $21,856,812. Insiders own 26.90% of the company's stock.

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.

Want to see what other hedge funds are holding RH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RH (NYSE:RH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source