Q1 2024 EPS Estimates for RH Decreased by Analyst (NYSE:RH)

RH (NYSE:RH – Get Rating) – Investment analysts at Jefferies Financial Group decreased their Q1 2024 earnings per share (EPS) estimates for shares of RH in a report issued on Monday, March 6th. Jefferies Financial Group analyst J. Matuszewski now expects that the company will post earnings per share of $2.99 for the quarter, down from their previous forecast of $3.64. Jefferies Financial Group has a “Hold” rating and a $298.00 price objective on the stock. The consensus estimate for RH’s current full-year earnings is $25.02 per share. Jefferies Financial Group also issued estimates for RH’s Q2 2024 earnings at $4.47 EPS, Q3 2024 earnings at $5.06 EPS, Q4 2024 earnings at $3.74 EPS, FY2024 earnings at $16.25 EPS and FY2025 earnings at $19.50 EPS.

RH (NYSE:RH – Get Rating) last posted its quarterly earnings data on Thursday, December 8th. The company reported $5.67 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.95. RH had a return on equity of 58.93% and a net margin of 15.29%. The firm had revenue of $869.07 million for the quarter, compared to analysts’ expectations of $839.05 million.

A number of other brokerages have also recently commented on RH. Telsey Advisory Group cut RH from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $310.00 to $330.00 in a research report on Monday, February 6th. Wedbush raised their price target on RH from $270.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Loop Capital reduced their price objective on RH from $420.00 to $370.00 in a research note on Monday, December 12th. Robert W. Baird raised their price objective on RH from $275.00 to $300.00 in a research note on Friday, December 9th. Finally, StockNews.com raised RH from a “sell” rating to a “hold” rating in a research note on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $346.06.

RH Stock Down 1.0 %

Shares of NYSE RH opened at $279.75 on Wednesday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 2.62 and a current ratio of 3.49. RH has a 52 week low of $207.37 and a 52 week high of $390.85. The stock has a market capitalization of $6.70 billion, a P/E ratio of 10.67, a PEG ratio of 1.63 and a beta of 2.09. The stock’s fifty day moving average is $304.19 and its 200 day moving average is $276.16.

Institutional Investors Weigh In On RH

A number of hedge funds have recently added to or reduced their stakes in RH. Morgan Stanley increased its holdings in RH by 145.6% in the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock worth $158,864,000 after purchasing an additional 352,456 shares in the last quarter. Anomaly Capital Management LP bought a new stake in RH in the fourth quarter worth approximately $76,771,000. Steadfast Capital Management LP increased its holdings in RH by 239.4% in the fourth quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock worth $77,204,000 after purchasing an additional 203,826 shares in the last quarter. Darsana Capital Partners LP increased its holdings in RH by 26.7% in the second quarter. Darsana Capital Partners LP now owns 950,000 shares of the company’s stock worth $201,647,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in RH by 117.1% in the third quarter. Renaissance Technologies LLC now owns 365,000 shares of the company’s stock worth $89,816,000 after purchasing an additional 196,900 shares in the last quarter. 84.16% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Gary G. Friedman sold 187,200 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $262.95, for a total transaction of $49,224,240.00. Following the completion of the transaction, the chief executive officer now directly owns 3,305,063 shares in the company, valued at $869,066,315.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Gary G. Friedman sold 187,200 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $262.95, for a total transaction of $49,224,240.00. Following the completion of the transaction, the chief executive officer now directly owns 3,305,063 shares in the company, valued at $869,066,315.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary K. Krane sold 137 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $306.54, for a total value of $41,995.98. Following the transaction, the director now owns 6,115 shares of the company’s stock, valued at $1,874,492.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 416,752 shares of company stock valued at $107,945,101. 21.90% of the stock is currently owned by corporate insiders.

About RH

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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.