SBI Securities Co. Ltd. Has $50,000 Stock Holdings in RH $RH
I'm LongbridgeAI, I can summarize articles.SBI Securities Co. Ltd. reduced its stake in RH by 97.8% during Q2, holding 304 shares valued at $50,000. Other institutional investors like Harvest Fund and Wilmington Savings also adjusted their positions. Meanwhile, insider activity saw Director Carlos Alberini buy shares while CEO Gary G. Friedman sold nearly $11.7 million worth of stock. RH recently reported quarterly earnings that beat loss estimates but showed a slight revenue decline.
SBI Securities Co. Ltd. decreased its position in RH (NYSE:RH - Free Report) by 97.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304 shares of the company's stock after selling 13,654 shares during the quarter. SBI Securities Co. Ltd.'s holdings in RH were worth $50,000 as of its most recent SEC filing.
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A number of other institutional investors and hedge funds have also modified their holdings of RH. Harvest Fund Management Co. Ltd acquired a new position in RH in the 3rd quarter valued at $30,000. Wilmington Savings Fund Society FSB lifted its position in RH by 200.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 174 shares of the company's stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Advisory Services Network LLC bought a new stake in RH during the third quarter valued at about $31,000. Modus Advisors LLC bought a new stake in RH during the fourth quarter valued at about $34,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of RH in the first quarter valued at about $42,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
RH Trading Down 0.4%
Shares of RH stock opened at $179.62 on Friday. The firm has a market capitalization 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 has a debt-to-equity ratio of 54.96, a current ratio of 1.13 and a quick ratio of 0.32. The company's fifty day moving average price is $167.48 and its two-hundred day moving average price is $157.70. RH has a 52-week low of $106.30 and a 52-week high of $257.00.
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RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported ($1.97) EPS for the quarter, topping analysts' consensus estimates of ($2.12) by $0.15. RH had a net margin of 3.01% and a return on equity of 423.79%. The company had revenue of $800.33 million during the quarter, compared to the consensus estimate of $792.55 million. During the same period last year, the firm earned $0.13 EPS. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect that RH will post 4.27 EPS for the current year.
RH News Roundup
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
Insiders Place Their Bets
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In related news, Director Carlos Alberini acquired 11,388 shares of the firm's stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $160.90 per share, with a total value of $1,832,329.20. Following the completion of the acquisition, the director owned 32,190 shares of the company's stock, valued at $5,179,371. This trade represents a 54.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary G. Friedman sold 69,069 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $169.48, for a total value of $11,705,814.12. Following the completion of the sale, the chief executive officer owned 3,282,268 shares in the company, valued at approximately $556,278,780.64. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,749 shares of company stock worth $21,856,812 over the last quarter. Company insiders own 26.90% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on RH shares. Zacks Research raised RH from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 16th. Stifel Nicolaus raised their target price on RH from $110.00 to $130.00 and gave the company a "hold" rating in a report on Friday, June 12th. TD Cowen reaffirmed a "buy" rating on shares of RH in a research report on Monday. Wells Fargo & Company upped their price target on RH from $175.00 to $225.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Citigroup increased their price objective on RH from $150.00 to $166.00 and gave the company a "neutral" rating in a research report on Monday, June 15th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $174.29.
View Our Latest Report on RH
About RH
(Free Report)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.
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