Covenant Asset Management LLC Boosts Stock Position in RH $RH

Covenant Asset Management LLC grew its holdings in RH (NYSE:RH) by 231.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,105 shares of the company’s stock after purchasing an additional 22,405 shares during the period. RH comprises approximately 0.7% of Covenant Asset Management LLC’s holdings, making the stock its 22nd largest holding. Covenant Asset Management LLC owned approximately 0.17% of RH worth $6,522,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in RH in the 2nd quarter worth about $26,000. Farther Finance Advisors LLC grew its stake in RH by 67.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock worth $29,000 after acquiring an additional 61 shares in the last quarter. UMB Bank n.a. increased its position in shares of RH by 53.8% during the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after acquiring an additional 63 shares during the period. Solstein Capital LLC bought a new stake in shares of RH during the second quarter valued at approximately $38,000. Finally, Parallel Advisors LLC raised its stake in shares of RH by 214.9% during the second quarter. Parallel Advisors LLC now owns 233 shares of the company’s stock valued at $44,000 after acquiring an additional 159 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on RH. Barclays reduced their price objective on RH from $385.00 to $283.00 and set an “overweight” rating on the stock in a report on Monday, December 15th. JPMorgan Chase & Co. cut their price target on RH from $275.00 to $225.00 and set an “overweight” rating on the stock in a research note on Friday, December 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $165.00 price objective (down from $320.00) on shares of RH in a research note on Friday, December 12th. TD Cowen increased their target price on shares of RH from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group reissued a “neutral” rating on shares of RH in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, RH has an average rating of “Hold” and an average price target of $231.19.

Insider Activity

In related news, Director Mark S. Demilio sold 2,254 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $220.00, for a total transaction of $495,880.00. Following the completion of the transaction, the director directly owned 19,962 shares in the company, valued at $4,391,640. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,154 shares of company stock worth $1,100,148 over the last three months. Company insiders own 27.00% of the company’s stock.

Trending Headlines about RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: TD Cowen raised its price target to $265 and reiterated a Buy, giving investors a sizable upside thesis and likely contributing to renewed buying interest. TD Cowen price target raise
• Positive Sentiment: Investor’s Business Daily upgraded RH’s technical ratings (improved relative price strength), which can attract momentum and growth-oriented buyers. IBD rating upgrade
• Positive Sentiment: Retail expansion: RH opened a Walnut Street location and made a debut in Shadyside, signaling continued brick‑and‑mortar rollout and local market traction that supports revenue growth narratives. Walnut Street opening
• Neutral Sentiment: Local press coverage (Pittsburgh Magazine) on the Shadyside debut increases brand visibility regionally; this is a positive marketing/branding signal but has uncertain short‑term revenue impact. Shadyside coverage
• Negative Sentiment: Fundamental cautions remain: RH missed December-quarter EPS estimates, reported slim net margins and a negative return on equity, and carries very high reported leverage (debt/equity). Those factors can limit upside if macro or discretionary spending softens. No link

RH Price Performance

Shares of NYSE RH opened at $229.36 on Thursday. The company has a market cap of $4.31 billion, a PE ratio of 41.40, a P/E/G ratio of 1.64 and a beta of 2.09. RH has a fifty-two week low of $123.03 and a fifty-two week high of $451.13. The company has a debt-to-equity ratio of 944.39, a quick ratio of 0.26 and a current ratio of 1.19. The business has a 50-day simple moving average of $178.50 and a two-hundred day simple moving average of $196.00.

RH (NYSE:RH) last issued its quarterly 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 firm had revenue of $883.81 million for the quarter, compared to analyst estimates of $883.65 million. RH had a negative return on equity of 161.72% and a net margin of 3.22%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 EPS. As a group, equities analysts expect that RH will post 4.39 EPS for the current fiscal year.

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.