Primoris Wealth Advisors LLC Makes New Investment in RH $RH

Primoris Wealth Advisors LLC bought a new stake in shares of RH (NYSE:RH) during the second quarter, Holdings Channel reports. The fund bought 10,500 shares of the company’s stock, valued at approximately $1,730,000.

A number of other institutional investors have also added to or reduced their stakes in the business. M&T Bank Corp raised its position in shares of RH by 7,340.8% in the 4th quarter. M&T Bank Corp now owns 163,475 shares of the company’s stock worth $29,058,000 after acquiring an additional 161,278 shares in the last quarter. Evergreen Capital Management LLC boosted its position in RH by 70.6% during the fourth quarter. Evergreen Capital Management LLC now owns 34,414 shares of the company’s stock valued at $6,165,000 after purchasing an additional 14,247 shares in the last quarter. Norges Bank bought a new stake in RH during the fourth quarter valued at about $28,092,000. K.J. Harrison & Partners Inc purchased a new position in RH in the fourth quarter valued at about $1,792,000. Finally, Greatmark Investment Partners Inc. grew its stake in RH by 20.4% in the fourth quarter. Greatmark Investment Partners Inc. now owns 97,575 shares of the company’s stock valued at $17,481,000 after purchasing an additional 16,560 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

RH has been the subject of several analyst reports. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and increased their price target for the company from $86.00 to $155.00 in a research report on Wednesday, July 8th. Robert W. Baird lifted their price objective on shares of RH from $125.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. UBS Group reduced their price objective on shares of RH from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Citigroup increased their target price on shares of RH from $150.00 to $166.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Finally, Bank of America initiated coverage on shares of RH in a research note on Monday, August 3rd. They issued an “underperform” rating and a $156.00 target price for the company. Seven research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $174.29.

Insider Activity at RH

In other RH news, CEO Gary G. Friedman sold 69,069 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $169.48, for a total transaction of $11,705,814.12. Following the sale, the chief executive officer directly owned 3,282,268 shares of the company’s stock, valued at approximately $556,278,780.64. This trade represents a 2.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark S. Demilio sold 3,102 shares of RH stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $144.00, for a total value of $446,688.00. Following the transaction, the director owned 25,830 shares of the company’s stock, valued at $3,719,520. The trade was a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 132,749 shares of company stock worth $21,856,812 over the last three months. Company insiders own 26.90% of the company’s stock.

Key Stories Impacting RH

Here are the key news stories impacting RH this week:

• Positive Sentiment: Wells Fargo reportedly expects strong appreciation for RH stock, providing a potentially supportive analyst outlook and counterbalancing near-term bearish sentiment. Wells Fargo & Company Forecasts Strong Price Appreciation for RH Stock
• Neutral Sentiment: RH’s latest quarterly results modestly exceeded expectations, with revenue of $800.3 million versus the $792.6 million consensus and a loss of $1.97 per share versus the expected $2.12 loss. However, revenue declined 1.7% year over year, leaving investors focused on whether the company can return to sustained growth.
• Negative Sentiment: RH was identified among the market’s most-shorted stocks. Heavy short positioning highlights concerns about the luxury home-furnishings retailer’s valuation, demand trends and execution, while also increasing the risk of continued volatility and pressure from bearish traders. Short Sellers Attack Ondas, Avis Budget, RH: Here Are the 10 Most Shorted Stocks

RH Price Performance

Shares of NYSE:RH opened at $179.62 on Friday. RH has a twelve month low of $106.30 and a twelve month high of $257.00. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96. The company has a market cap of $3.39 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 4.22 and a beta of 1.87. The company’s 50 day moving average is $167.48 and its 200 day moving average is $157.70.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, beating the consensus estimate of ($2.12) by $0.15. The business 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 previous year, the business posted $0.13 EPS. On average, sell-side analysts forecast that RH will post 4.27 EPS for the current year.

RH 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.