RH (NYSE:RH) Expected to Earn Q1 2024 Earnings of $6.81 Per Share

RH (NYSE:RHGet Rating) – Investment analysts at Jefferies Financial Group cut their Q1 2024 earnings per share (EPS) estimates for RH in a research note issued on Tuesday, September 20th. Jefferies Financial Group analyst J. Matuszewski now expects that the company will earn $6.81 per share for the quarter, down from their previous forecast of $6.85. Jefferies Financial Group currently has a “Buy” rating and a $375.00 target price on the stock. The consensus estimate for RH’s current full-year earnings is $24.84 per share.

RH (NYSE:RHGet Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $8.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $1.26. The company had revenue of $991.62 million for the quarter, compared to analysts’ expectations of $969.20 million. RH had a net margin of 16.95% and a return on equity of 67.69%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.48 EPS.

A number of other brokerages have also issued reports on RH. Cowen cut their target price on RH from $450.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, June 30th. UBS Group boosted their price objective on RH from $240.00 to $262.00 in a report on Friday, September 9th. Morgan Stanley decreased their target price on shares of RH from $350.00 to $325.00 and set an “equal weight” rating for the company in a report on Friday, September 9th. Wedbush cut their price target on shares of RH from $315.00 to $274.00 and set an “outperform” rating on the stock in a report on Thursday, June 30th. Finally, Cowen decreased their price objective on shares of RH from $450.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, June 30th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $356.75.

RH Price Performance

Shares of NYSE:RH opened at $248.14 on Thursday. The company has a market capitalization of $5.89 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.33 and a beta of 2.31. The company has a debt-to-equity ratio of 2.55, a quick ratio of 2.49 and a current ratio of 3.39. The stock has a fifty day moving average of $275.55 and a 200-day moving average of $293.33. RH has a one year low of $207.37 and a one year high of $708.58.

Insider Transactions at RH

In other RH news, Director Mark S. Demilio sold 1,224 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $261.47, for a total transaction of $320,039.28. Following the transaction, the director now owns 6,915 shares in the company, valued at $1,808,065.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other RH news, insider Edward T. Lee sold 4,400 shares of RH stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $300.26, for a total value of $1,321,144.00. Following the transaction, the insider now directly owns 2,624 shares of the company’s stock, valued at approximately $787,882.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark S. Demilio sold 1,224 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $261.47, for a total value of $320,039.28. Following the transaction, the director now owns 6,915 shares of the company’s stock, valued at $1,808,065.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,293 shares of company stock worth $4,258,160. 23.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Verition Fund Management LLC increased its position in shares of RH by 31,199.3% during the second quarter. Verition Fund Management LLC now owns 43,193 shares of the company’s stock valued at $9,168,000 after purchasing an additional 43,055 shares during the period. Goldman Sachs Group Inc. increased its holdings in RH by 13.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 282,258 shares of the company’s stock valued at $59,912,000 after buying an additional 32,559 shares during the period. Oliver Lagore Vanvalin Investment Group raised its stake in shares of RH by 23.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 959 shares of the company’s stock valued at $204,000 after buying an additional 184 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of RH by 20.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 18,975 shares of the company’s stock worth $4,028,000 after acquiring an additional 3,158 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of RH during the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 83.19% of the company’s stock.

RH Company Profile

(Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History and Estimates for RH (NYSE:RH)

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