RH (NYSE:RH) Expected to Post Q1 2024 Earnings of $2.20 Per Share

Posted by Defense World Staff on Apr 6th, 2023

RH (NYSE:RH – Get Rating) – Stock analysts at Oppenheimer issued their Q1 2024 EPS estimates for shares of RH in a research note issued to investors on Tuesday, April 4th. Oppenheimer analyst B. Nagel forecasts that the company will post earnings per share of $2.20 for the quarter. The consensus estimate for RH’s current full-year earnings is $13.31 per share. Oppenheimer also issued estimates for RH’s Q2 2024 earnings at $2.74 EPS, Q3 2024 earnings at $2.40 EPS and Q4 2024 earnings at $2.87 EPS.

A number of other research firms also recently issued reports on RH. 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 report on Friday, March 31st. The Goldman Sachs Group downgraded shares of RH from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $227.00 to $215.00 in a report on Monday, December 12th. Cowen dropped their price objective on shares of RH from $350.00 to $320.00 in a report on Monday, December 12th. Citigroup decreased their target price on shares of RH from $380.00 to $330.00 and set a “buy” rating on the stock in a research note on Thursday, March 30th. Finally, Jefferies Financial Group decreased their target price on shares of RH from $298.00 to $227.00 in a research note on Thursday, March 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, RH currently has an average rating of “Hold” and an average target price of $281.50.

RH Stock Performance

RH opened at $232.18 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 1.93 and a debt-to-equity ratio of 3.97. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.71 and a beta of 2.08. The company’s 50 day moving average is $284.88 and its 200 day moving average is $273.30. RH has a 12-month low of $207.37 and a 12-month high of $361.76.

RH (NYSE:RH – Get Rating) last posted its quarterly earnings data on Wednesday, March 29th. The company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.35 by ($0.47). The business had revenue of $772.50 million during the quarter, compared to analysts’ expectations of $777.30 million. RH had a return on equity of 55.97% and a net margin of 14.72%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.66 EPS.

Insider Activity

In related news, CFO Jack M. Preston sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $315.75, for a total value of $3,157,500.00. Following the sale, the chief financial officer now owns 1 shares in the company, valued at $315.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jack M. Preston sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $315.75, for a total value of $3,157,500.00. Following the sale, the chief financial officer now owns 1 shares in the company, valued at $315.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hilary K. Krane sold 137 shares of the business’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $301.51, for a total transaction of $41,306.87. Following the completion of the sale, the director now owns 6,252 shares in the company, valued at approximately $1,885,040.52. The disclosure for this sale can be found here. Insiders have sold a total of 12,774 shares of company stock worth $4,013,383 over the last quarter. Insiders own 21.90% of the company’s stock.

Institutional Investors Weigh In On RH

Large investors have recently bought and sold shares of the business. Morgan Stanley boosted its stake in RH by 145.6% during the fourth 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 period. Anomaly Capital Management LP purchased a new position in RH during the fourth quarter worth $76,771,000. Steadfast Capital Management LP boosted its stake in RH by 239.4% during the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock worth $77,204,000 after buying an additional 203,826 shares during the period. Darsana Capital Partners LP boosted its stake in RH by 26.7% during the second quarter. Darsana Capital Partners LP now owns 950,000 shares of the company’s stock worth $201,647,000 after buying an additional 200,000 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in RH by 117.1% during the third quarter. Renaissance Technologies LLC now owns 365,000 shares of the company’s stock worth $89,816,000 after buying an additional 196,900 shares during the period. Institutional investors own 84.16% of the company’s stock.

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.