Gary Friedman Sells 7,693 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) CEO Gary Friedman sold 7,693 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $170.12, for a total transaction of $1,308,733.16. Following the sale, the chief executive officer owned 3,274,575 shares of the company’s stock, valued at approximately $557,070,699. The trade was a 0.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

RH Stock Up 3.8%

Shares of NYSE:RH opened at $168.80 on Friday. The company’s fifty day moving average is $145.91 and its two-hundred day moving average is $162.27. 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 has a 1-year low of $106.30 and a 1-year high of $257.00. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 3.73 and a beta of 1.88.

RH (NYSE:RH) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, beating the consensus estimate of ($2.12) by $0.15. RH had a net margin of 3.01% and a return on equity of 423.79%. The business had revenue of $800.33 million during the quarter, compared to analyst estimates of $792.55 million. During the same period in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts anticipate that RH will post 4.27 EPS for the current year.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new stake in RH during the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB grew its stake in shares of RH by 200.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of RH during the third quarter valued at $31,000. Modus Advisors LLC acquired a new position in shares of RH during the fourth quarter valued at $34,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of RH during the first quarter valued at about $42,000. 90.17% of the stock is owned by institutional investors.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wall Street sentiment improved after an analyst reportedly turned less bearish on RH, adding to recent buy/overweight coverage and supporting the stock. Article Title
• Positive Sentiment: RH also announced a Formula One design collaboration with Mercedes-AMG, which may help strengthen the brand and keep investors focused on growth and premium positioning. Article Title
• Neutral Sentiment: The company’s recent quarter beat expectations on earnings and revenue, but sales still declined year over year, leaving investors watching for a reacceleration in growth. Article Title
• Negative Sentiment: CEO Gary Friedman disclosed multiple July stock sales, including a large block sale, which is the main negative overhang and could limit upside. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BNP Paribas Exane lowered their target price on RH from $130.00 to $96.00 and set a “strong sell” rating for the company in a report on Wednesday, April 1st. Robert W. Baird upped their price objective on RH from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. Wells Fargo & Company increased their target price on RH from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. KeyCorp reiterated a “sector weight” rating on shares of RH in a research note on Friday, June 12th. Finally, Morgan Stanley reissued an “overweight” rating and set a $240.00 price target on shares of RH in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, RH has an average rating of “Hold” and an average price target of $171.71.

RH Company 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.