Bank of New York Mellon Corp Grows Stake in RH $RH

Bank of New York Mellon Corp increased its position in shares of RH (NYSE:RH) by 23.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,969 shares of the company’s stock after buying an additional 49,384 shares during the period. Bank of New York Mellon Corp’s holdings in RH were worth $36,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RH. Geneos Wealth Management Inc. bought a new stake in shares of RH in the 1st quarter valued at about $42,000. Calamos Wealth Management LLC bought a new position in shares of RH during the 1st quarter worth approximately $296,000. Calamos Advisors LLC purchased a new stake in RH during the first quarter valued at approximately $296,000. State of Michigan Retirement System lifted its position in RH by 2.8% during the first quarter. State of Michigan Retirement System now owns 3,715 shares of the company’s stock valued at $519,000 after acquiring an additional 100 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in RH by 4.0% in the first quarter. Principal Financial Group Inc. now owns 34,371 shares of the company’s stock valued at $4,806,000 after acquiring an additional 1,329 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Activity

In related news, Director Mark S. Demilio sold 2,445 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $168.44, for a total value of $411,835.80. Following the completion of the transaction, the director owned 25,680 shares of the company’s stock, valued at approximately $4,325,539.20. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman sold 48,238 shares of the 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 transaction, the chief executive officer owned 3,226,337 shares in the company, valued at $511,890,628.42. This represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 132,749 shares of company stock worth $21,856,812 in the last ninety days. Company insiders own 26.90% of the company’s stock.

Key RH News

Here are the key news stories impacting RH this week:

• Positive Sentiment: William Blair reiterated a Buy rating on RH, citing strengthening fundamentals and a multiyear profit growth outlook, which can help support investor confidence. Robert Half Wins Buy Rating on Strengthening Fundamentals and Multiyear Profit Growth Outlook
• Positive Sentiment: RH announced two leadership moves, including the promotion of Sandy Pilon to Chief Customer Experience & Values Officer and the appointment of Ryan Hassanein as Chief Legal & Compliance Officer, suggesting continued internal investment in operations and governance. RH Announces the Promotion of Sandy Pilon to Chief Customer Experience & Values Officer
• Neutral Sentiment: RH did not release new financial results in the highlighted items, so near-term trading is likely being driven more by analyst commentary and management changes than by a fresh earnings update.
• Negative Sentiment: Investors may still be weighing RH’s recent softer earnings picture, including revenue down 1.7% year over year and EPS of ($1.97), even though both figures beat expectations. This can limit upside if the market focuses on margin pressure and slower growth.

RH Trading Up 5.1%

RH stock opened at $174.61 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.32 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 stock’s 50 day simple moving average is $156.38 and its two-hundred day simple moving average is $161.98. The firm has a market cap of $3.30 billion, a PE ratio of 33.71, a P/E/G ratio of 4.00 and a beta of 1.88.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays cut their price target on shares of RH from $283.00 to $202.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. BNP Paribas Exane decreased their price objective on RH from $130.00 to $96.00 and set a “strong sell” rating for the company in a report on Wednesday, April 1st. Wall Street Zen cut RH from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Guggenheim restated a “buy” rating and set a $200.00 target price on shares of RH in a research note on Friday, June 12th. Finally, TD Cowen reduced their target price on RH from $265.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus price target of $171.71.

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.