RH (RH) Set to Announce Earnings on Thursday

RH (NYSE:RHGet Rating) is scheduled to release its earnings data after the market closes on Thursday, May 25th. Analysts expect RH to post earnings of $2.08 per share for the quarter. RH has set its FY 2023 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

RH (NYSE:RHGet Rating) last released its earnings results on Wednesday, March 29th. The company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $3.35 by ($0.47). The company had revenue of $772.50 million during the quarter, compared to the consensus estimate of $777.30 million. RH had a return on equity of 55.97% and a net margin of 14.72%. RH’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.66 EPS. On average, analysts expect RH to post $11 EPS for the current fiscal year and $16 EPS for the next fiscal year.

RH Price Performance

RH opened at $256.69 on Tuesday. The company has a 50-day moving average of $248.61 and a 200-day moving average of $273.87. The company has a market capitalization of $5.66 billion, a P/E ratio of 10.04, a PEG ratio of 2.32 and a beta of 2.08. RH has a 1-year low of $207.37 and a 1-year high of $351.53. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.93 and a current ratio of 2.84.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Loop Capital dropped their target price on shares of RH from $370.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. Jefferies Financial Group cut their price target on shares of RH from $298.00 to $227.00 in a report on Thursday, March 30th. UBS Group cut their price target on shares of RH from $280.00 to $255.00 and set a “neutral” rating on the stock in a report on Thursday, March 30th. Wedbush dropped their price objective on shares of RH from $335.00 to $245.00 and set a “neutral” rating on the stock in a research note on Monday, March 27th. Finally, Barclays dropped their price objective on shares of RH from $314.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Friday, March 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $281.50.

Insiders Place Their Bets

In other news, Director Hilary K. Krane sold 137 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $306.54, for a total value of $41,995.98. Following the completion of the transaction, the director now owns 6,115 shares of the company’s stock, valued at $1,874,492.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.90% of the company’s stock.

Institutional Investors Weigh In On RH

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of RH by 5.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,859,724 shares of the company’s stock valued at $457,623,000 after buying an additional 98,713 shares in the last quarter. Durable Capital Partners LP increased its holdings in shares of RH by 2.6% in the 1st quarter. Durable Capital Partners LP now owns 677,603 shares of the company’s stock worth $220,960,000 after buying an additional 17,196 shares during the last quarter. Morgan Stanley increased its holdings in shares of RH by 145.6% in the 4th quarter. Morgan Stanley now owns 594,574 shares of the company’s stock worth $158,864,000 after buying an additional 352,456 shares during the last quarter. State Street Corp increased its holdings in shares of RH by 10.1% in the 3rd quarter. State Street Corp now owns 502,349 shares of the company’s stock worth $123,613,000 after buying an additional 45,954 shares during the last quarter. Finally, Pelham Capital Ltd. increased its holdings in shares of RH by 0.4% in the 1st quarter. Pelham Capital Ltd. now owns 393,080 shares of the company’s stock worth $128,179,000 after buying an additional 1,619 shares during the last quarter. 84.16% of the stock is owned by institutional investors.

RH Company Profile

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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 for RH (NYSE:RH)

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