RH (NYSE:RH) Issues Earnings Results

RH (NYSE:RH) announced its quarterly earnings results on Thursday. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19), Zacks reports. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The firm had revenue of $811.73 million for the quarter, compared to analysts’ expectations of $812.19 million. During the same period last year, the firm earned ($0.42) EPS. RH’s revenue was up 8.1% compared to the same quarter last year. RH updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

RH Stock Down 4.4 %

RH stock opened at $381.51 on Friday. RH has a 12 month low of $212.43 and a 12 month high of $403.39. The stock has a market cap of $7.04 billion, a P/E ratio of 224.42, a P/E/G ratio of 2.44 and a beta of 2.44. The company’s fifty day simple moving average is $345.55 and its 200-day simple moving average is $296.23.

Insider Activity at RH

In other RH news, insider Edward T. Lee sold 2,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the sale, the insider now directly owns 78 shares in the company, valued at approximately $27,016.86. This trade represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,285 shares of company stock valued at $2,871,935. Insiders own 28.10% of the company’s stock.

Analyst Ratings Changes

RH has been the topic of several recent research reports. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 price target on shares of RH in a report on Wednesday, November 13th. Telsey Advisory Group upped their target price on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research note on Monday. Loop Capital raised their price target on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research report on Monday, September 16th. Wedbush upgraded RH from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $310.00 to $430.00 in a research report on Monday, October 21st. Finally, Bank of America upped their target price on shares of RH from $310.00 to $359.00 and gave the company a “buy” rating in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $338.40.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.