Telsey Advisory Group Equities Analysts Cut Earnings Estimates for RH (NYSE:RH)

RH (NYSE:RHGet Rating) – Equities research analysts at Telsey Advisory Group reduced their Q2 2023 earnings estimates for shares of RH in a research report issued on Tuesday, September 6th. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings of $7.24 per share for the quarter, down from their previous forecast of $7.31. Telsey Advisory Group currently has a “Outperform” rating and a $315.00 target price on the stock. The consensus estimate for RH’s current full-year earnings is $24.41 per share. Telsey Advisory Group also issued estimates for RH’s Q3 2023 earnings at $5.86 EPS, Q4 2023 earnings at $4.14 EPS and FY2023 earnings at $25.01 EPS.

Other equities analysts have also recently issued reports about the stock. Bank of America lowered their price target on shares of RH from $650.00 to $550.00 and set a “buy” rating on the stock in a report on Tuesday, May 31st. Barclays lowered their price target on shares of RH from $400.00 to $300.00 and set an “overweight” rating on the stock in a report on Thursday, June 30th. Jefferies Financial Group lowered their price target on shares of RH from $520.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. The Goldman Sachs Group lowered their price target on shares of RH from $262.00 to $224.00 and set a “neutral” rating on the stock in a report on Friday, July 1st. Finally, Loop Capital lowered their price target on shares of RH from $500.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, June 30th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $368.00.

RH Trading Up 5.9 %

RH stock opened at $258.05 on Wednesday. The company’s fifty day simple moving average is $271.84 and its 200-day simple moving average is $302.63. The company has a quick ratio of 1.90, a current ratio of 2.50 and a debt-to-equity ratio of 1.97. RH has a 12 month low of $207.37 and a 12 month high of $733.99. The stock has a market cap of $6.37 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.18 and a beta of 2.31.

Insider Buying and Selling at RH

In other RH news, Director Mark S. Demilio sold 1,224 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $261.47, for a total transaction of $320,039.28. Following the completion of the sale, the director now directly owns 6,915 shares in the company, valued at $1,808,065.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark S. Demilio sold 1,224 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $261.47, for a total transaction of $320,039.28. Following the completion of the transaction, the director now owns 6,915 shares of the company’s stock, valued at $1,808,065.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hilary K. Krane sold 138 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $295.00, for a total transaction of $40,710.00. Following the transaction, the director now directly owns 6,937 shares of the company’s stock, valued at approximately $2,046,415. The disclosure for this sale can be found here. Insiders sold 31,828 shares of company stock worth $8,842,560 over the last ninety days. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC acquired a new position in RH in the first quarter worth about $33,000. Covestor Ltd acquired a new position in RH in the fourth quarter worth about $59,000. Ogorek Anthony Joseph NY ADV raised its position in RH by 137.0% in the first quarter. Ogorek Anthony Joseph NY ADV now owns 109 shares of the company’s stock worth $35,000 after purchasing an additional 63 shares in the last quarter. Fifth Third Bancorp raised its position in RH by 79.4% in the first quarter. Fifth Third Bancorp now owns 113 shares of the company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Finally, KB Financial Partners LLC raised its position in RH by 61.6% in the first quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

About RH

(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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