Q3 2023 EPS Estimates for RH (NYSE:RH) Increased by Analyst

RH (NYSE:RHGet Rating) – Research analysts at Wedbush lifted their Q3 2023 EPS estimates for shares of RH in a note issued to investors on Tuesday, April 19th. Wedbush analyst S. Basham now anticipates that the company will earn $7.10 per share for the quarter, up from their previous forecast of $7.07. Wedbush has a “Outperform” rating and a $375.00 price objective on the stock. Wedbush also issued estimates for RH’s Q4 2023 earnings at $6.43 EPS, FY2023 earnings at $25.68 EPS and Q2 2024 earnings at $7.07 EPS.

Several other research analysts also recently weighed in on RH. Guggenheim decreased their price target on shares of RH from $825.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Wells Fargo & Company cut their target price on shares of RH from $750.00 to $500.00 and set an “overweight” rating for the company in a research note on Wednesday, March 9th. The Goldman Sachs Group cut their target price on shares of RH from $539.00 to $466.00 and set a “neutral” rating for the company in a research note on Thursday, March 31st. Barclays dropped their price objective on shares of RH from $723.00 to $528.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Finally, TheStreet cut shares of RH from a “b-” rating to a “c+” rating in a research note on Monday, April 4th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $598.76.

Shares of RH stock opened at $320.00 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.91 and a debt-to-equity ratio of 2.36. RH has a twelve month low of $313.85 and a twelve month high of $744.56. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.14 and a beta of 2.35. The company’s 50 day moving average is $359.21 and its 200 day moving average is $486.27.

RH (NYSE:RHGet Rating) last issued its quarterly earnings data on Tuesday, March 29th. The company reported $5.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.59 by $0.07. The company had revenue of $902.74 million for the quarter, compared to the consensus estimate of $931.50 million. RH had a net margin of 18.32% and a return on equity of 85.67%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.07 earnings per share.

In related news, CEO Gary G. Friedman sold 378,481 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $321.66, for a total value of $121,742,198.46. Following the completion of the transaction, the chief executive officer now directly owns 2,980,158 shares in the company, valued at approximately $958,597,622.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eri Chaya sold 17,150 shares of the company’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $326.27, for a total transaction of $5,595,530.50. Following the transaction, the insider now owns 73,643 shares of the company’s stock, valued at $24,027,501.61. The disclosure for this sale can be found here. Insiders sold a total of 429,720 shares of company stock worth $138,525,728 over the last ninety days. Insiders own 33.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RH. WASHINGTON TRUST Co grew its holdings in shares of RH by 73.1% during the third quarter. WASHINGTON TRUST Co now owns 45 shares of the company’s stock worth $30,000 after buying an additional 19 shares in the last quarter. PSI Advisors LLC purchased a new stake in shares of RH in the third quarter valued at about $33,000. Hexagon Capital Partners LLC purchased a new stake in shares of RH in the first quarter valued at about $33,000. Fifth Third Bancorp grew its holdings in shares of RH by 79.4% in the first quarter. Fifth Third Bancorp now owns 113 shares of the company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Finally, Ellevest Inc. grew its holdings in shares of RH by 150.0% in the fourth quarter. Ellevest Inc. now owns 70 shares of the company’s stock valued at $38,000 after purchasing an additional 42 shares during the period. 95.21% of the stock is owned by institutional investors and hedge funds.

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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