RH (NYSE:RH – Get 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.
RH (NYSE:RH – Get 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, dÃ©cor, 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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