RH (NYSE:RH) Posts Quarterly Earnings Results, Misses Estimates By $0.99 EPS

RH (NYSE:RH) released its quarterly earnings data on Wednesday. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99), Briefing.com reports. The company had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. RH had a return on equity of 81.84% and a net margin of 7.28%. RH’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.88 earnings per share. RH updated its FY 2024 guidance to EPS.

RH Trading Up 3.8 %

RH opened at $297.10 on Thursday. The company’s fifty day moving average price is $271.63 and its two-hundred day moving average price is $268.34. RH has a 1-year low of $207.26 and a 1-year high of $406.38. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.85 and a beta of 2.43.

Wall Street Analysts Forecast Growth

RH has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $335.00 price objective (up from $285.00) on shares of RH in a research report on Tuesday. StockNews.com cut shares of RH from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Morgan Stanley lowered their price objective on shares of RH from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. JPMorgan Chase & Co. upped their price objective on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Barclays upped their price target on shares of RH from $256.00 to $293.00 and gave the company an “equal weight” rating in a research report on Friday, December 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, RH currently has an average rating of “Hold” and an average target price of $320.29.

Insiders Place Their Bets

In other news, insider Edward T. Lee sold 2,624 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.90% of the company’s stock.

Institutional Trading of RH

Several institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in RH by 13.0% during the first quarter. Steward Partners Investment Advisory LLC now owns 940 shares of the company’s stock worth $229,000 after buying an additional 108 shares during the last quarter. Evergreen Capital Management LLC increased its holdings in RH by 61.6% during the first quarter. Evergreen Capital Management LLC now owns 674 shares of the company’s stock worth $220,000 after buying an additional 257 shares during the last quarter. Lido Advisors LLC increased its holdings in RH by 18.4% during the first quarter. Lido Advisors LLC now owns 670 shares of the company’s stock worth $218,000 after buying an additional 104 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in RH during the first quarter worth about $215,000. Finally, US Bancorp DE increased its holdings in RH by 13.2% during the first quarter. US Bancorp DE now owns 650 shares of the company’s stock worth $213,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Company Profile

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.