Wall Street analysts expect RH (NYSE:RH) to announce $564.67 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for RH’s earnings, with estimates ranging from $561.00 million to $572.80 million. RH reported sales of $562.08 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is expected to issue its next quarterly earnings report on Thursday, June 7th.
On average, analysts expect that RH will report full year sales of $2.55 billion for the current fiscal year, with estimates ranging from $2.53 billion to $2.59 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.75 billion per share, with estimates ranging from $2.73 billion to $2.80 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow RH.
RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 27th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. RH had a net margin of 0.09% and a return on equity of 65.66%. The company had revenue of $670.00 million during the quarter, compared to analyst estimates of $672.39 million. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis.
A number of equities research analysts recently weighed in on RH shares. Zacks Investment Research upgraded shares of RH from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Friday, March 16th. Loop Capital upgraded shares of RH from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, January 11th. UBS upgraded shares of RH from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 14th. Wolfe Research upgraded shares of RH from a “peer perform” rating to an “outperform” rating and set a $119.00 price objective for the company in a report on Thursday, March 29th. Finally, Cowen reiterated a “hold” rating and set a $95.00 price objective on shares of RH in a report on Thursday, April 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.99.
RH traded up $0.52 on Thursday, reaching $87.22. 392,547 shares of the company traded hands, compared to its average volume of 1,069,373. RH has a one year low of $41.52 and a one year high of $109.53. The firm has a market capitalization of $1,819.66, a price-to-earnings ratio of 28.60, a PEG ratio of 0.67 and a beta of 1.72. The company has a debt-to-equity ratio of -148.64, a current ratio of 1.24 and a quick ratio of 0.23.
In other news, Director Mark S. Demilio sold 11,100 shares of RH stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $95.46, for a total value of $1,059,606.00. Following the transaction, the director now owns 9,766 shares of the company’s stock, valued at approximately $932,262.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Karen Boone sold 25,000 shares of RH stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $95.54, for a total transaction of $2,388,500.00. Following the completion of the transaction, the insider now directly owns 34,306 shares in the company, valued at approximately $3,277,595.24. The disclosure for this sale can be found here. 18.80% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in RH. LS Investment Advisors LLC grew its position in RH by 145.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,652 shares of the company’s stock worth $142,000 after purchasing an additional 979 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in RH during the 4th quarter worth approximately $200,000. MML Investors Services LLC purchased a new stake in RH during the 4th quarter worth approximately $201,000. Adell Harriman & Carpenter Inc. purchased a new stake in RH during the 4th quarter worth approximately $203,000. Finally, Caxton Associates LP purchased a new stake in RH during the 4th quarter worth approximately $216,000.
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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, bath ware, décor, outdoor and garden, tableware, 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, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
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