RH
In the published model solve dated 2026-Q2, anchored at $195.18, RH (RH) is priced for today's economics sustained for ~5.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
RH is a luxury home-furnishings brand trading at $148.19, with the price supported by relative-multiple and growth-DCF value while the asset and earnings methods say expensive. The implied growth baked in is a high 21 percent, set against a 10.7 percent operating margin. The business is navigating a brutal backdrop. First-quarter fiscal 2026 revenue dipped 1.7 percent to $800.3 million but beat estimates, with tariffs costing roughly $45 million of revenue this quarter that should reverse later
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355 institutional managers reported holding RH in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 55%. 60 opened new positions that quarter. Held by FMR (Fidelity), Alyeska Investment Group, Vanguard Group, among others. On the short side, 5.3M shares were sold short as of the 2026-06-15 count, about 28% of shares outstanding (4.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RH has cut its share count 11% over the past five years, spending $2.26B on repurchases. It pays no dividend. Cash returned over the past three years: $1.26B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RH over the trailing three years: 2024: 6 buys totaling $10.00M; 2026: 1 buy totaling $1.83M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-27 | -5.1% | +56.9% |
| 2023-09-08 | -16.7% | -24.9% |
| 2023-12-08 | -13.4% | +7.7% |
| 2024-03-29 | +21.1% | -21.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RH's latest 8-K filings: 2026-07-23 (items 7.01, 9.01); 2026-07-08 (items 7.01, 9.01); 2026-06-25 (items 5.07); 2026-06-11 (items 2.02, 9.01); 2026-03-31 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.