Jefferies Financial Group Comments on RH’s FY2023 Earnings (NYSE:RH)

RH (NYSE:RHGet Rating) – Analysts at Jefferies Financial Group upped their FY2023 earnings per share estimates for shares of RH in a research report issued on Monday, January 9th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the company will earn $25.47 per share for the year, up from their prior forecast of $25.30. The consensus estimate for RH’s current full-year earnings is $25.24 per share. Jefferies Financial Group also issued estimates for RH’s FY2024 earnings at $18.15 EPS.

RH has been the topic of several other research reports. Morgan Stanley reduced their price objective on RH from $325.00 to $300.00 in a report on Friday, December 9th. Wedbush downgraded RH from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $274.00 to $270.00 in a report on Friday, November 18th. Cowen reduced their price objective on RH from $350.00 to $320.00 in a report on Monday, December 12th. Loop Capital cut their price target on RH from $420.00 to $370.00 in a research note on Monday, December 12th. Finally, Cowen cut their price target on RH from $350.00 to $320.00 in a research note on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.81.

RH Stock Up 0.9 %

NYSE:RH opened at $319.41 on Thursday. The stock’s fifty day moving average price is $272.76 and its two-hundred day moving average price is $265.79. RH has a 52-week low of $207.37 and a 52-week high of $475.96. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.62 and a current ratio of 3.49. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.19 and a beta of 2.08.

RH (NYSE:RHGet Rating) last released its quarterly earnings results on Thursday, December 8th. The company reported $5.67 EPS for the quarter, topping analysts’ consensus estimates of $4.72 by $0.95. RH had a return on equity of 58.93% and a net margin of 15.29%. The business had revenue of $869.07 million for the quarter, compared to analyst estimates of $839.05 million.

Hedge Funds Weigh In On RH

Several hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its holdings in shares of RH by 5.8% in the 2nd quarter. US Bancorp DE now owns 688 shares of the company’s stock valued at $145,000 after acquiring an additional 38 shares in the last quarter. Lincoln Capital LLC grew its holdings in shares of RH by 1.2% in the 2nd quarter. Lincoln Capital LLC now owns 3,567 shares of the company’s stock valued at $757,000 after acquiring an additional 44 shares in the last quarter. KB Financial Partners LLC grew its holdings in shares of RH by 61.6% in the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after acquiring an additional 45 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of RH by 2.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,150 shares of the company’s stock valued at $529,000 after acquiring an additional 46 shares in the last quarter. Finally, Malaga Cove Capital LLC grew its holdings in shares of RH by 2.4% in the 2nd quarter. Malaga Cove Capital LLC now owns 2,134 shares of the company’s stock valued at $451,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $306.41, for a total transaction of $612,820.00. Following the completion of the transaction, the director now owns 18,480 shares in the company, valued at approximately $5,662,456.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other RH news, Director Hilary K. Krane sold 137 shares of the stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $262.45, for a total transaction of $35,955.65. Following the completion of the transaction, the director now owns 6,389 shares in the company, valued at approximately $1,676,793.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $306.41, for a total value of $612,820.00. Following the transaction, the director now owns 18,480 shares of the company’s stock, valued at approximately $5,662,456.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 438,442 shares of company stock worth $112,972,987. Corporate insiders own 21.90% 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.

Read More

Earnings History and Estimates for RH (NYSE:RH)

Receive News & Ratings for RH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RH and related companies with MarketBeat.com's FREE daily email newsletter.