RH (NYSE:RH) Trading 6.9% Higher – Here’s Why

RH (NYSE:RH) shot up 6.9% during mid-day trading on Wednesday . The company traded as high as $184.00 and last traded at $186.5650. Approximately 93,941 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,114,164 shares. The stock had previously closed at $174.55.

Wall Street Analyst Weigh In

Several brokerages recently commented on RH. Wells Fargo & Company increased their target price on shares of RH from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Wall Street Zen lowered shares of RH from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $86.00 to $155.00 in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of RH from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley restated an “overweight” rating and issued a $240.00 price objective on shares of RH in a report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $171.71.

RH Trading Up 8.6%

The company has a market cap of $3.58 billion, a P/E ratio of 36.68, a PEG ratio of 3.71 and a beta of 1.88. The business has a fifty day moving average price of $148.18 and a 200-day moving average price of $161.97. 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 quarterly earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $792.55 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that RH will post 4.27 earnings per share for the current year.

Insider Activity

In other RH news, Director Mark S. Demilio sold 2,445 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $168.44, for a total transaction of $411,835.80. Following the sale, the director directly owned 25,680 shares in the company, valued at $4,325,539.20. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman sold 48,238 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $158.66, for a total transaction of $7,653,441.08. Following the completion of the transaction, the chief executive officer owned 3,226,337 shares of the company’s stock, valued at $511,890,628.42. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 132,749 shares of company stock worth $21,856,812. Corporate insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its stake in shares of RH by 209.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 4,812 shares of the company’s stock valued at $793,000 after purchasing an additional 3,258 shares during the last quarter. Handelsbanken Fonder AB raised its stake in RH by 28.3% during the second quarter. Handelsbanken Fonder AB now owns 5,896 shares of the company’s stock worth $971,000 after acquiring an additional 1,300 shares in the last quarter. 180 Wealth Advisors LLC bought a new position in shares of RH in the second quarter worth about $273,000. Bank of America Corp DE boosted its stake in shares of RH by 166.5% in the 1st quarter. Bank of America Corp DE now owns 238,681 shares of the company’s stock valued at $33,372,000 after purchasing an additional 149,127 shares in the last quarter. Finally, RBF Capital LLC acquired a new stake in shares of RH in the 1st quarter valued at approximately $1,735,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.