Q3 2024 EPS Estimates for RH Lowered by Analyst (NYSE:RH)

RH (NYSE:RHGet Rating) – Equities research analysts at Telsey Advisory Group lowered their Q3 2024 earnings per share (EPS) estimates for shares of RH in a research note issued to investors on Tuesday, May 23rd. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $2.45 per share for the quarter, down from their prior estimate of $3.04. Telsey Advisory Group has a “Market Perform” rating and a $225.00 price objective on the stock. The consensus estimate for RH’s current full-year earnings is $11.35 per share. Telsey Advisory Group also issued estimates for RH’s Q4 2024 earnings at $2.92 EPS, FY2024 earnings at $10.20 EPS and Q3 2025 earnings at $3.21 EPS.

Several other research analysts have also issued reports on RH. Morgan Stanley cut their target price on shares of RH from $300.00 to $275.00 and set an “equal weight” rating for the company in a research report on Thursday, March 30th. StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Wedbush decreased their price target on shares of RH from $335.00 to $245.00 and set a “neutral” rating for the company in a research note on Monday, March 27th. Jefferies Financial Group decreased their price target on shares of RH from $298.00 to $227.00 in a research note on Thursday, March 30th. Finally, Bank of America decreased their price target on shares of RH from $338.00 to $315.00 in a research note on Sunday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $281.50.

RH Stock Down 2.0 %

RH opened at $254.63 on Thursday. The company has a fifty day moving average price of $249.07 and a 200-day moving average price of $273.99. The firm has a market capitalization of $5.61 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 2.27 and a beta of 2.08. The company has a debt-to-equity ratio of 3.97, a current ratio of 2.84 and a quick ratio of 1.93. RH has a one year low of $207.37 and a one year high of $351.53.

RH (NYSE:RHGet Rating) last posted its quarterly earnings results on Wednesday, March 29th. The company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $5.66 EPS.

Insider Activity

In related news, Director Hilary K. Krane sold 137 shares of the company’s 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 sale, the director now owns 6,115 shares of the company’s stock, valued at $1,874,492.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.90% of the company’s stock.

Institutional Investors Weigh In On RH

Hedge funds have recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in RH by 2.4% during the fourth quarter. Cetera Advisors LLC now owns 1,350 shares of the company’s stock worth $361,000 after buying an additional 32 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of RH by 1.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,787 shares of the company’s stock valued at $477,000 after purchasing an additional 33 shares during the period. Profund Advisors LLC boosted its stake in shares of RH by 4.8% in the fourth quarter. Profund Advisors LLC now owns 889 shares of the company’s stock valued at $238,000 after purchasing an additional 41 shares during the period. Ellevest Inc. boosted its stake in shares of RH by 43.2% in the fourth quarter. Ellevest Inc. now owns 136 shares of the company’s stock valued at $36,000 after purchasing an additional 41 shares during the period. Finally, D.B. Root & Company LLC boosted its stake in shares of RH by 0.6% in the first quarter. D.B. Root & Company LLC now owns 7,097 shares of the company’s stock valued at $1,728,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 84.16% of the company’s stock.

About RH

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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, d├ęcor, 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.

Further Reading

Earnings History and Estimates for RH (NYSE:RH)

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