Deutsche Bank AG Buys 15,981 Shares of RH $RH

Deutsche Bank AG raised its position in RH (NYSE:RH) by 526.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,019 shares of the company’s stock after buying an additional 15,981 shares during the period. Deutsche Bank AG’s holdings in RH were worth $3,133,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RH. United Services Automobile Association acquired a new stake in RH in the first quarter worth about $231,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in RH by 6.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 38,622 shares of the company’s stock worth $9,053,000 after purchasing an additional 2,244 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of RH by 24.4% in the second quarter. Prudential Financial Inc. now owns 1,593 shares of the company’s stock valued at $301,000 after purchasing an additional 312 shares during the last quarter. Federated Hermes Inc. increased its position in shares of RH by 30.1% in the second quarter. Federated Hermes Inc. now owns 1,137 shares of the company’s stock valued at $215,000 after acquiring an additional 263 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in RH by 9.5% during the second quarter. California Public Employees Retirement System now owns 19,049 shares of the company’s stock worth $3,600,000 after buying an additional 1,650 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

Key RH News

Here are the key news stories impacting RH this week:

• Neutral Sentiment: RH’s latest reported quarter showed revenue of $800.3 million, slightly above analyst expectations of $792.6 million, while its adjusted loss of $1.97 per share was narrower than the expected $2.12 loss. However, revenue declined 1.7% year over year and profitability remained weak.
• Neutral Sentiment: The stock remains volatile, with a beta of 1.87, and trades below its 50-day moving average while remaining near its 200-day average. This suggests investor sentiment is still cautious despite the quarterly earnings beat.
• Negative Sentiment: RH’s low quick ratio of 0.32 and substantial debt-to-equity ratio indicate balance-sheet and liquidity risks that may remain concerns for investors, particularly if the luxury home-furnishings market weakens.

Insider Activity

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

RH Stock Up 5.1%

Shares of RH opened at $148.50 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.32 and a debt-to-equity ratio of 54.96. RH has a 12 month low of $106.30 and a 12 month high of $257.00. The firm’s 50 day moving average is $169.56 and its 200-day moving average is $154.95. The stock has a market capitalization of $2.81 billion, a PE ratio of 28.67, a P/E/G ratio of 3.36 and a beta of 1.87.

RH (NYSE:RH) last issued 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. The business had revenue of $800.33 million during the quarter, compared to analysts’ expectations of $792.55 million. RH had a return on equity of 423.79% and a net margin of 3.01%.The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. Equities research analysts forecast that RH will post 4.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RH. JPMorgan Chase & Co. dropped their price objective on shares of RH from $225.00 to $212.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Weiss Ratings reissued a “sell (d)” rating on shares of RH in a report on Friday, July 24th. UBS Group reduced their price target on RH from $160.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price objective on RH from $175.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $240.00 price objective on shares of RH in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $173.36.

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.