Gary Friedman Sells 48,238 Shares of RH (NYSE:RH) Stock

RH (NYSE:RH) CEO Gary Friedman sold 48,238 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $158.66, for a total value of $7,653,441.08. Following the completion of the sale, the chief executive officer owned 3,226,337 shares in the company, valued at $511,890,628.42. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

RH Stock Up 3.8%

RH stock opened at $168.80 on Friday. The business has a 50 day moving average of $145.91 and a 200 day moving average of $162.27. The firm has a market cap of $3.19 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.73 and a beta of 1.88. RH has a twelve month low of $106.30 and a twelve month high of $257.00. 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 (NYSE:RH) last released its earnings results on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, topping the consensus estimate of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The business had revenue of $800.33 million for the quarter, compared to the consensus estimate of $792.55 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts forecast that RH will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RH. Telsey Advisory Group cut their price objective on shares of RH from $165.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen cut shares of RH from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Zacks Research upgraded shares of RH from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Guggenheim reiterated a “buy” rating and set a $200.00 price target on shares of RH in a report on Friday, June 12th. Finally, UBS Group reduced their price target on shares of RH from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, RH presently has an average rating of “Hold” and an average price target of $171.71.

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

Hedge Funds Weigh In On RH

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Senvest Management LLC raised its holdings in shares of RH by 30.1% during the fourth quarter. Senvest Management LLC now owns 842,577 shares of the company’s stock valued at $150,948,000 after purchasing an additional 194,773 shares during the last quarter. Durable Capital Partners LP grew 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 worth $122,119,000 after purchasing an additional 359,101 shares during the period. Alliancebernstein L.P. grew its position in RH by 66.1% in the 3rd quarter. Alliancebernstein L.P. now owns 573,666 shares of the company’s stock worth $116,546,000 after purchasing an additional 228,229 shares during the period. Two Sigma Investments LP raised its stake in RH by 40.9% during the 3rd quarter. Two Sigma Investments LP now owns 359,093 shares of the company’s stock valued at $72,953,000 after buying an additional 104,154 shares during the last quarter. Finally, Morgan Stanley raised its stake in RH by 0.8% during the 4th quarter. Morgan Stanley now owns 353,996 shares of the company’s stock valued at $63,419,000 after buying an additional 2,658 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

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.