Udine Wealth Management Inc. raised its stake in shares of RH (NYSE:RH – Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,974 shares of the company’s stock after buying an additional 3,674 shares during the period. RH makes up 1.2% of Udine Wealth Management Inc.’s portfolio, making the stock its 26th biggest position. Udine Wealth Management Inc. owned about 0.10% of RH worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Xcel Wealth Management LLC boosted its holdings in shares of RH by 5.4% in the second quarter. Xcel Wealth Management LLC now owns 157,745 shares of the company’s stock valued at $25,985,000 after acquiring an additional 8,152 shares in the last quarter. Signaturefd LLC raised its holdings in RH by 2.5% during the second quarter. Signaturefd LLC now owns 4,453 shares of the company’s stock worth $734,000 after purchasing an additional 110 shares in the last quarter. Oak Thistle LLC bought a new stake in RH during the second quarter worth approximately $2,033,000. Sequoia Financial Advisors LLC lifted its position in RH by 7.0% in the second quarter. Sequoia Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $2,438,000 after purchasing an additional 967 shares during the period. Finally, Integrated Financial Solutions Inc. boosted its stake in RH by 7.3% during the 2nd quarter. Integrated Financial Solutions Inc. now owns 17,595 shares of the company’s stock valued at $2,898,000 after purchasing an additional 1,195 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Carlos Alberini acquired 11,388 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark S. Demilio sold 2,445 shares of RH stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $168.44, for a total transaction of $411,835.80. Following the transaction, the director owned 25,680 shares in the company, valued at approximately $4,325,539.20. The trade was a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 132,749 shares of company stock worth $21,856,812 over the last 90 days. 26.90% of the stock is owned by company insiders.
RH Trading Down 0.4%
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 analysts’ consensus estimates of ($2.12) by $0.15. RH had a net margin of 3.01% and a return on equity of 423.79%. The company had revenue of $800.33 million during the quarter, compared to analyst estimates of $792.55 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that RH will post 4.27 earnings per share for the current year.
Analysts Set New Price Targets
RH has been the topic of several research analyst reports. Bank of America assumed coverage on RH in a research report on Monday, August 3rd. They set an “underperform” rating and a $156.00 price target on the stock. Zacks Research upgraded RH from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RH in a report on Friday, July 24th. Robert W. Baird lifted their target price on RH from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, June 12th. Finally, KeyCorp reiterated a “sector weight” rating on shares of RH in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, RH has an average rating of “Hold” and a consensus price target of $174.29.
Check Out Our Latest Stock Report on RH
Trending Headlines about 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
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.
Further Reading
- Five stocks we like better than RH
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
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).
Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.
