RH (RH) Set to Announce Earnings on Thursday

RH (NYSE:RH) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, September 7th. Analysts expect the company to announce earnings of $2.52 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

RH Price Performance

Shares of NYSE RH opened at $381.05 on Tuesday. RH has a fifty-two week low of $227.00 and a fifty-two week high of $406.38. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 3.21 and a beta of 2.18. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.01 and a current ratio of 2.91. The firm’s 50-day simple moving average is $363.88 and its 200 day simple moving average is $297.84.

Wall Street Analysts Forecast Growth

RH has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of RH from $250.00 to $230.00 in a research report on Friday, May 26th. Wedbush lifted their target price on shares of RH from $230.00 to $360.00 and gave the stock a “neutral” rating in a research report on Thursday, August 24th. StockNews.com began coverage on shares of RH in a research report on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group lifted their target price on shares of RH from $250.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 23rd. Finally, 51job reissued a “maintains” rating on shares of RH in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, RH has a consensus rating of “Hold” and a consensus target price of $322.20.

Insider Buying and Selling

In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $305.24, for a total value of $610,480.00. Following the completion of the transaction, the director now directly owns 14,480 shares in the company, valued at approximately $4,419,875.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $305.24, for a total value of $610,480.00. Following the completion of the transaction, the director now directly owns 14,480 shares in the company, valued at approximately $4,419,875.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward T. Lee sold 1,400 shares of RH stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $300.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now owns 2,624 shares of the company’s stock, valued at $787,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,400 shares of company stock valued at $1,310,470. 23.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Raymond James & Associates grew its position in shares of RH by 81.7% during the 1st quarter. Raymond James & Associates now owns 11,395 shares of the company’s stock valued at $3,716,000 after purchasing an additional 5,124 shares in the last quarter. US Bancorp DE grew its position in shares of RH by 13.2% during the 1st quarter. US Bancorp DE now owns 650 shares of the company’s stock valued at $213,000 after purchasing an additional 76 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of RH by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,609 shares of the company’s stock valued at $851,000 after purchasing an additional 56 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of RH during the 1st quarter valued at $236,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of RH by 10.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,373 shares of the company’s stock valued at $2,078,000 after purchasing an additional 622 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings.