Louisiana State Employees Retirement System Makes New $629,000 Investment in RH $RH

Louisiana State Employees Retirement System bought a new position in RH (NYSE:RH) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $629,000.

A number of other hedge funds also recently made changes to their positions in RH. Durable Capital Partners LP increased its position in RH by 125.1% during the 2nd quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock worth $122,119,000 after purchasing an additional 359,101 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of RH by 1,797.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 246,355 shares of the company’s stock worth $44,134,000 after buying an additional 233,373 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of RH by 66.1% during the third quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after buying an additional 228,229 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of RH by 388.7% during the third quarter. JPMorgan Chase & Co. now owns 265,271 shares of the company’s stock worth $53,893,000 after buying an additional 210,991 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in shares of RH by 200.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 297,694 shares of the company’s stock valued at $60,480,000 after acquiring an additional 198,615 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: RH announced a first-of-its-kind global design collaboration with Mercedes-AMG PETRONAS Formula One, giving the company added exposure to a premium global audience and reinforcing its luxury brand positioning. Article Title
• Positive Sentiment: RH said it opened RH London in Mayfair, a five-level flagship in a key luxury shopping district, which supports international expansion and could help drive brand awareness and sales. Article Title
• Neutral Sentiment: A roundup of home furnishing and improvement retail Q1 results highlighted RH as a standout performer, which may be helping sentiment around the stock. Article Title

Insider Activity at RH

In other news, Director Carlos Alberini bought 11,388 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was acquired at an average price of $160.90 per share, with a total value of $1,832,329.20. Following the transaction, the director owned 32,190 shares of the company’s stock, valued at $5,179,371. This trade represents a 54.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Demilio sold 3,102 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $144.00, for a total transaction of $446,688.00. Following the transaction, the director owned 25,830 shares of the company’s stock, valued at approximately $3,719,520. The trade was a 10.72% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 26.90% of the company’s stock.

RH Stock Down 3.2%

Shares of NYSE:RH opened at $163.55 on Wednesday. The firm has a market cap of $3.09 billion, a P/E ratio of 31.57, a P/E/G ratio of 3.88 and a beta of 1.88. The company has a quick ratio of 0.32, a current ratio of 1.13 and a debt-to-equity ratio of 54.96. RH has a 12-month low of $106.30 and a 12-month high of $257.00. The business has a fifty day simple moving average of $144.68 and a 200 day simple moving average of $162.36.

RH (NYSE:RH) last released its quarterly earnings results 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 return on equity of 423.79% and a net margin of 3.01%.The firm had revenue of $800.33 million for the quarter, compared to analyst estimates of $792.55 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Analysts predict that RH will post 4.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RH shares. TD Cowen reduced their price objective on RH from $265.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Zacks Research upgraded RH from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. UBS Group reduced their price target on RH from $160.00 to $155.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Wall Street Zen downgraded RH from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of RH in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, RH has an average rating of “Hold” and a consensus price target of $172.53.

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.