Narwhal Capital Management Trims Stock Holdings in RH $RH

Narwhal Capital Management reduced its position in RH (NYSE:RH) by 72.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,303 shares of the company’s stock after selling 13,676 shares during the quarter. Narwhal Capital Management’s holdings in RH were worth $1,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RH. Durable Capital Partners LP raised its position in RH by 125.1% in the 2nd quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the last quarter. Senvest Management LLC increased its stake in RH by 54.6% in the second quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock valued at $138,713,000 after purchasing an additional 259,200 shares during the period. Scopus Asset Management L.P. purchased a new stake in shares of RH in the second quarter valued at about $30,457,000. Norges Bank acquired a new stake in shares of RH during the second quarter worth about $29,083,000. Finally, Valiant Capital Management L.P. purchased a new position in shares of RH during the second quarter worth about $20,508,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Neutral Sentiment: Analysts maintain a cautious view: RH has a consensus “Hold” from Wall Street, signaling limited near-term upside from analysts’ estimates. Monitor any upcoming updates or upgrades/downgrades for directional impact. RH (NYSE:RH) Receives Consensus Rating of “Hold” from Analysts
• Neutral Sentiment: Sector coverage noted RH in a home-furniture Q3 highlights piece; such coverage keeps RH in focus for retail/furniture investors but does not present an immediate catalyst. Check the article for any operational or comparable-store commentary. Home furniture retailer stocks Q3 highlights: RH (NYSE:RH)
• Negative Sentiment: Pomerantz law firm issued an investor alert announcing an investigation of RH on behalf of investors — this raises potential legal risk and could pressure sentiment if it develops into a lawsuit or leads to disclosures. Investors should watch for filings or company responses. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of RH – RH
• Negative Sentiment: Recent fundamentals remain a concern: RH’s latest quarter (Dec. 11) missed EPS estimates, revenue growth was modest, profitability thin and the company carries very high reported leverage — factors that can weigh on valuation and increase sensitivity to negative headlines. (See company earnings release and filings for details.)

RH Stock Up 1.8%

RH stock opened at $218.74 on Friday. The stock’s 50 day moving average price is $168.58 and its 200 day moving average price is $194.40. RH has a 1-year low of $123.03 and a 1-year high of $455.84. The company has a market cap of $4.11 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 1.61 and a beta of 2.09. The company has a debt-to-equity ratio of 944.39, a current ratio of 1.19 and a quick ratio of 0.26.

RH (NYSE:RH) last released its earnings results on Thursday, December 11th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.42). The business had revenue of $883.81 million during the quarter, compared to analyst estimates of $883.65 million. RH had a net margin of 3.22% and a negative return on equity of 161.72%. RH’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $2.48 EPS. On average, sell-side analysts predict that RH will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Bank of America reduced their price objective on RH from $200.00 to $170.00 and set an “underperform” rating for the company in a research note on Friday, December 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of RH in a report on Wednesday, December 24th. William Blair cut RH from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 2nd. Robert W. Baird decreased their price target on RH from $235.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, December 12th. Finally, KeyCorp reissued a “sector weight” rating on shares of RH in a research note on Friday, December 12th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $225.56.

Insider Activity

In related news, Director Mark S. Demilio sold 500 shares of the stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the sale, the director directly owned 24,116 shares of the company’s stock, valued at approximately $4,437,344. This represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.00% 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.