$925.29 Million in Sales Expected for RH (NYSE:RH) This Quarter

Equities analysts forecast that RH (NYSE:RHGet Rating) will report $925.29 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for RH’s earnings, with the highest sales estimate coming in at $930.28 million and the lowest estimate coming in at $921.50 million. RH posted sales of $860.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.5%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that RH will report full-year sales of $4.03 billion for the current year, with estimates ranging from $3.95 billion to $4.32 billion. For the next fiscal year, analysts anticipate that the company will report sales of $4.28 billion, with estimates ranging from $4.03 billion to $4.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for RH.

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

Several research firms recently weighed in on RH. UBS Group dropped their target price on shares of RH from $550.00 to $470.00 and set a “neutral” rating for the company in a report on Wednesday, March 30th. TheStreet downgraded shares of RH from a “b-” rating to a “c+” rating in a report on Monday, April 4th. Bank of America dropped their target price on shares of RH from $700.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, March 30th. Citigroup dropped their target price on shares of RH from $668.00 to $535.00 and set a “buy” rating for the company in a report on Thursday, March 31st. Finally, Wedbush dropped their price target on shares of RH from $480.00 to $375.00 and set an “outperform” rating for the company in a research note on Wednesday, March 30th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, RH presently has a consensus rating of “Buy” and a consensus price target of $587.72.

RH stock opened at $246.29 on Wednesday. The firm has a market cap of $5.35 billion, a PE ratio of 11.16, a PEG ratio of 0.92 and a beta of 2.19. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.22 and a current ratio of 2.91. The firm’s 50 day moving average price is $327.75 and its 200-day moving average price is $430.10. RH has a one year low of $236.29 and a one year high of $744.56.

In other news, CFO Jack M. Preston sold 28,779 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $326.31, for a total transaction of $9,390,875.49. Following the completion of the sale, the chief financial officer now owns 5,622 shares in the company, valued at $1,834,514.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eri Chaya sold 17,150 shares of the stock in a transaction dated 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 sale, the insider now owns 73,643 shares of the company’s stock, valued at approximately $24,027,501.61. The disclosure for this sale can be found here. Insiders sold 449,608 shares of company stock valued at $144,996,637 in the last 90 days. 33.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in RH. Darsana Capital Partners LP acquired a new stake in shares of RH during the third quarter worth about $266,764,000. D1 Capital Partners L.P. boosted its stake in shares of RH by 32.8% during the fourth quarter. D1 Capital Partners L.P. now owns 1,286,235 shares of the company’s stock worth $689,345,000 after buying an additional 318,000 shares during the period. Lone Pine Capital LLC boosted its stake in shares of RH by 24.3% during the fourth quarter. Lone Pine Capital LLC now owns 1,603,888 shares of the company’s stock worth $859,588,000 after buying an additional 313,268 shares during the period. Select Equity Group L.P. lifted its position in RH by 169.3% in the fourth quarter. Select Equity Group L.P. now owns 423,889 shares of the company’s stock valued at $227,179,000 after purchasing an additional 266,464 shares during the period. Finally, Palestra Capital Management LLC acquired a new stake in RH in the third quarter valued at about $165,770,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

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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