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RH director Mark Demilio sells over $1 million in company stock

RH (NYSE:RH), formerly known as Restoration Hardware, saw a significant transaction from one of its directors, Mark S. Demilio, according to the latest filings. Demilio sold a total of $1,025,598 worth of company stock over two days, with sales conducted at prices ranging from $340.2993 to $345.0.

The transactions, which took place on September 18 and 19, involved the sale of 2,000 shares at an average price of $340.2993 and 1,000 shares at a price of $345.0. Following these sales, Demilio still holds a substantial number of shares in the company, both directly and indirectly through trusts.

Specifically, the shares sold were held by The Mark S. Demilio Revocable Trust, which, after the transactions, continues to own a significant stake in RH. Additionally, Demilio is a beneficiary and Co-Trustee of The Theresa E. Demilio 2012 Family Trust, which also holds a portion of RH stock.

Investors often monitor insider transactions as they may provide insights into the executives’ confidence in the company’s future prospects. While the reasons behind Demilio’s stock sales are not disclosed, the transactions were executed in multiple trades, suggesting a strategic approach to the sale.

RH, a luxury brand in the home furnishings marketplace, has experienced market fluctuations along with the broader retail sector. Insider sales such as these are not uncommon and can occur for various reasons, including portfolio diversification, personal financial planning, or other undisclosed motives.

The company’s stock continues to be actively traded, and investors will likely keep a close eye on any further insider transactions as they assess the company’s performance and outlook.

In other recent news, Restoration Hardware experienced a series of financial adjustments following its second fiscal quarter of 2024 results. The company reported a 3.6% year-over-year revenue increase, reaching $830 million, and a 7% surge in demand. However, due to a slower-than-expected response to new product offerings, the company revised its full-year 2024 sales and adjusted EBIT guidance downwards.

Several financial firms have adjusted their outlooks for Restoration Hardware. Stifel raised its price target for the company to $375, maintaining a Buy rating, based on improved demand trends and an increased forecast for fiscal years 2025 and 2026. Loop Capital also adjusted its price target from $230 to $320, maintaining a Hold rating.

CFRA increased Restoration Hardware’s price target from $293 to $309, despite a 57% decrease in adjusted earnings per share for the second fiscal quarter. TD Cowen raised its price target from $325 to $350, maintaining a Buy rating and expressing optimism about the company’s future prospects. Finally, Baird increased the stock price target from $275 to $290, maintaining a neutral stance.

KeyBanc Capital Markets maintained a Sector Weight rating, expressing concerns about near-term demand for the furniture industry. These recent developments highlight the changing financial landscape for Restoration Hardware.

InvestingPro Insights

RH, known for its luxury home furnishings, has been making headlines not only for its executive transactions but also for its stock performance and market valuation. Based on the latest data from InvestingPro, the company currently boasts a market capitalization of $6.36 billion. Despite recent insider sales, RH’s stock has been performing robustly, with a notable 25.81% return over the last month and an impressive 59.41% over the last three months.

InvestingPro Tips suggest that while analysts have revised their earnings expectations downwards for the upcoming period, the stock is trading near its 52-week high, highlighting strong investor confidence. Additionally, RH has demonstrated a strong return over the last month, which could be of interest to investors looking at short-term performance. However, the stock is also trading at a high earnings multiple with a P/E ratio of 184.36, and a forward P/E ratio for the last twelve months as of Q2 2025 at an even higher 210.38, indicating that the stock may be priced optimistically relative to earnings.

For investors seeking a more comprehensive analysis, there are additional InvestingPro Tips available, providing deeper insights into RH’s financial health and market position. With a total of 13 InvestingPro Tips listed on the platform, investors can gain a more nuanced understanding of the stock’s potential and risks.

As RH navigates the luxury retail sector’s challenges and opportunities, these metrics and insights can be valuable for shareholders and potential investors to keep in mind. For further detailed analysis and tips, investors can visit InvestingPro at https://www.investing.com/pro/RH.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

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