Lazard Asset Management LLC Sells 22,108 Shares of RH $RH

Lazard Asset Management LLC lessened its holdings in shares of RH (NYSE:RH) by 26.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,641 shares of the company’s stock after selling 22,108 shares during the period. Lazard Asset Management LLC’s holdings in RH were worth $8,619,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of RH in the third quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB grew its position in RH by 200.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Advisory Services Network LLC bought a new position in RH during the 3rd quarter worth $31,000. Modus Advisors LLC bought a new position in RH during the 4th quarter worth $34,000. Finally, Geneos Wealth Management Inc. acquired a new position in RH in the 1st quarter valued at $42,000. 90.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RH shares. Wall Street Zen downgraded RH from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Citigroup raised their price target on RH from $150.00 to $166.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. KeyCorp reaffirmed a “sector weight” rating on shares of RH in a research note on Friday, June 12th. Barclays cut their price objective on shares of RH from $283.00 to $202.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Stifel Nicolaus increased their price objective on shares of RH from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. Seven equities 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $171.71.

RH Stock Down 5.6%

NYSE RH opened at $166.24 on Friday. The business has a fifty day moving average price of $160.09 and a two-hundred day moving average price of $160.68. The company has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32. RH has a fifty-two week low of $106.30 and a fifty-two week high of $257.00. The stock has a market capitalization of $3.14 billion, a PE ratio of 32.09, a PEG ratio of 4.04 and a beta of 1.88.

RH (NYSE:RH) last issued its earnings results on Thursday, June 11th. The company reported ($1.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.12) by $0.15. RH had a return on equity of 423.79% and a net margin of 3.01%.The firm had revenue of $800.33 million for the quarter, compared to the consensus estimate of $792.55 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that RH will post 4.27 earnings per share for the current fiscal year.

More RH News

Here are the key news stories impacting RH this week:

• Neutral Sentiment: RH’s latest quarter modestly exceeded analyst expectations, with adjusted EPS of $(1.97) versus consensus of $(2.12) and revenue of $800.3 million versus estimates of $792.6 million. However, revenue declined 1.7% year over year, while tariffs, sourcing changes and backlog conversion remain concerns. RH shares slide as rising mortgage rates and housing softness likely pressure sentiment
• Negative Sentiment: The average U.S. 30-year mortgage rate rose to 6.66%, its highest level in roughly a year. Higher borrowing costs can reduce home turnover and discretionary spending on premium furniture, directly pressuring RH’s demand outlook. RH shares slide as rising mortgage rates and housing softness likely pressure sentiment
• Negative Sentiment: June new-home sales of 628,000 on a seasonally adjusted annualized basis reinforced concerns that housing activity remains uneven. That weakens the near-term backdrop for a luxury home-furnishings retailer dependent on housing-related purchases. RH shares slide as rising mortgage rates and housing softness likely pressure sentiment
• Negative Sentiment: Insider selling may have added to investor caution. Chairman and CEO Gary Friedman has reported 11 sales totaling 125,000 shares over the past six months, while insiders overall recorded 28 sales versus three purchases. RH shares slide as rising mortgage rates and housing softness likely pressure sentiment
• Negative Sentiment: Analyst price targets are mixed, but the six-month median target of $160.50 is below the stock’s recent trading level, suggesting limited upside in the near term and reinforcing valuation concerns.

Insider Buying and Selling

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