Hodges Capital Management Inc. Acquires 10,885 Shares of RH $RH

Hodges Capital Management Inc. raised its stake in shares of RH (NYSE:RH) by 20.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 64,859 shares of the company’s stock after purchasing an additional 10,885 shares during the quarter. RH makes up approximately 1.1% of Hodges Capital Management Inc.’s portfolio, making the stock its 27th largest holding. Hodges Capital Management Inc.’s holdings in RH were worth $13,177,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Durable Capital Partners LP lifted its position in RH by 125.1% during the second quarter. Durable Capital Partners LP now owns 646,097 shares of the company’s stock valued at $122,119,000 after purchasing an additional 359,101 shares during the period. Senvest Management LLC raised its stake in RH by 54.6% during the 2nd quarter. Senvest Management LLC now owns 733,894 shares of the company’s stock valued at $138,713,000 after buying an additional 259,200 shares during the last quarter. JPMorgan Chase & Co. raised its stake in RH by 388.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,271 shares of the company’s stock valued at $53,893,000 after buying an additional 210,991 shares during the last quarter. Scopus Asset Management L.P. bought a new position in shares of RH during the 2nd quarter valued at $30,457,000. Finally, Norges Bank purchased a new position in shares of RH in the 2nd quarter worth $29,083,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

RH Price Performance

NYSE RH opened at $208.64 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.26 and a debt-to-equity ratio of 944.39. RH has a 12 month low of $123.03 and a 12 month high of $389.20. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 0.86 and a beta of 2.12. The company’s 50 day moving average is $198.51 and its two-hundred day moving average is $196.23.

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

Insider Transactions at RH

In other news, Director Mark S. Demilio sold 2,254 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was 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 $4,391,640. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 5,154 shares of company stock valued at $1,100,148. Corporate insiders own 27.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RH. 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. Barclays reduced their price target on shares of RH from $385.00 to $283.00 and set an “overweight” rating for the company in a research report on Monday, December 15th. The Goldman Sachs Group dropped their price objective on shares of RH from $195.00 to $144.00 and set a “sell” rating on the stock in a report on Monday, December 15th. UBS Group reaffirmed a “neutral” rating on shares of RH in a report on Friday, December 12th. Finally, Bank of America dropped their price target on shares of RH from $200.00 to $170.00 and set an “underperform” rating on the stock in a research note on Friday, December 12th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $231.19.

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.