RH $RH Shares Purchased by Covenant Asset Management LLC

Covenant Asset Management LLC increased its stake in RH (NYSE:RH) by 231.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 32,105 shares of the company’s stock after acquiring an additional 22,405 shares during the quarter. RH comprises approximately 0.7% of Covenant Asset Management LLC’s investment portfolio, making the stock its 22nd biggest position. Covenant Asset Management LLC’s holdings in RH were worth $6,522,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of RH during the 2nd quarter worth about $26,000. Farther Finance Advisors LLC lifted its position in shares of RH by 67.8% in the second quarter. Farther Finance Advisors LLC now owns 151 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of RH by 53.8% in the second quarter. UMB Bank n.a. now owns 180 shares of the company’s stock worth $34,000 after acquiring an additional 63 shares during the last quarter. Solstein Capital LLC purchased a new stake in shares of RH during the second quarter worth approximately $38,000. Finally, Parallel Advisors LLC increased its position in shares of RH by 214.9% during the second quarter. Parallel Advisors LLC now owns 233 shares of the company’s stock worth $44,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Stock Up 4.5%

Shares of NYSE RH opened at $229.36 on Thursday. RH has a 1 year low of $123.03 and a 1 year high of $451.13. The company has a market capitalization of $4.31 billion, a P/E ratio of 41.40, a P/E/G ratio of 1.64 and a beta of 2.09. The company has a 50 day simple moving average of $178.50 and a 200-day simple moving average of $196.00. The company has a debt-to-equity ratio of 944.39, a current ratio of 1.19 and a quick ratio of 0.26.

RH (NYSE:RH) last issued its quarterly earnings data on Thursday, December 11th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.42). The business had revenue of $883.81 million during the quarter, compared to analysts’ expectations of $883.65 million. RH had a negative return on equity of 161.72% and a net margin of 3.22%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.48 earnings per share. On average, equities research analysts predict that RH will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RH has been the topic of a number of research reports. William Blair lowered RH from an “outperform” rating to a “market perform” rating in a report on Thursday, October 2nd. Bank of America reduced their target price on shares of RH from $200.00 to $170.00 and set an “underperform” rating for the company in a research report on Friday, December 12th. KeyCorp restated a “sector weight” rating on shares of RH in a research report on Friday, December 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of RH in a report on Wednesday, December 24th. Finally, JPMorgan Chase & Co. lowered their target price on RH from $275.00 to $225.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $231.19.

RH News Roundup

Here are the key news stories impacting RH this week:

• Positive Sentiment: TD Cowen raised its price target to $265 and reiterated a Buy, giving investors a sizable upside thesis and likely contributing to renewed buying interest. TD Cowen price target raise
• Positive Sentiment: Investor’s Business Daily upgraded RH’s technical ratings (improved relative price strength), which can attract momentum and growth-oriented buyers. IBD rating upgrade
• Positive Sentiment: Retail expansion: RH opened a Walnut Street location and made a debut in Shadyside, signaling continued brick?and?mortar rollout and local market traction that supports revenue growth narratives. Walnut Street opening
• Neutral Sentiment: Local press coverage (Pittsburgh Magazine) on the Shadyside debut increases brand visibility regionally; this is a positive marketing/branding signal but has uncertain short?term revenue impact. Shadyside coverage
• Negative Sentiment: Fundamental cautions remain: RH missed December-quarter EPS estimates, reported slim net margins and a negative return on equity, and carries very high reported leverage (debt/equity). Those factors can limit upside if macro or discretionary spending softens. No link

Insider Activity

In other news, Director Mark S. Demilio sold 2,254 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $220.00, for a total value of $495,880.00. Following the transaction, the director directly owned 19,962 shares in the company, valued at approximately $4,391,640. This represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 5,154 shares of company stock valued at $1,100,148. 27.00% of the stock is currently owned by insiders.

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.