RH (NYSE:RH) Shares Up 9% – Here’s What Happened

RH (NYSE:RH) was up 9% during mid-day trading on Wednesday . The company traded as high as $157.57 and last traded at $154.5650. Approximately 198,871 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,136,557 shares. The stock had previously closed at $141.74.

Analyst Upgrades and Downgrades

RH has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price on shares of RH in a research report on Monday, May 11th. The Goldman Sachs Group lowered their price target on shares of RH from $101.00 to $88.00 and set a “sell” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company upped their price target on shares of RH from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Stifel Nicolaus increased their price objective on RH from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Finally, Barclays cut their price objective on RH from $283.00 to $202.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Seven research 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 data from MarketBeat.com, RH presently has an average rating of “Hold” and a consensus price target of $172.53.

RH Stock Performance

The stock’s 50-day moving average price is $138.94 and its 200 day moving average price is $162.17. The company has a quick ratio of 0.32, a current ratio of 1.13 and a debt-to-equity ratio of 54.96. The company has a market cap of $2.95 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 3.00 and a beta of 1.91.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) 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 business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. As a group, research analysts expect that RH will post 4.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 3,102 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $144.00, for a total value of $446,688.00. Following the completion of the transaction, the director owned 25,830 shares in the company, valued at approximately $3,719,520. This represents a 10.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Eri Chaya sold 11,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $137.92, for a total transaction of $1,517,120.00. The disclosure for this sale is available in the SEC filing. Insiders sold 16,304 shares of company stock valued at $2,294,108 over the last 90 days. 26.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RH

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC grew its holdings in RH by 713.3% during the 3rd quarter. Clearstead Advisors LLC now owns 122 shares of the company’s stock worth $25,000 after acquiring an additional 107 shares during the last quarter. Huntington National Bank raised its stake in shares of RH by 87.8% in the third quarter. Huntington National Bank now owns 139 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of RH in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB lifted its position in shares of RH by 200.0% during 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. Finally, Advisory Services Network LLC acquired a new position in shares of RH during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.