$753.49 Million in Sales Expected for RH (NYSE:RH) This Quarter

Thursday, April 8, 2021 | MarketBeat

Wall Street analysts expect RH (NYSE:RH) to announce sales of $753.49 million for the current quarter, Zacks reports. Six analysts have provided estimates for RH's earnings. The highest sales estimate is $780.10 million and the lowest is $724.34 million. RH posted sales of $482.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 56%. The firm is expected to report its next earnings report on Thursday, June 3rd.

On average, analysts expect that RH will report full-year sales of $3.38 billion for the current fiscal year, with estimates ranging from $3.31 billion to $3.42 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.65 billion, with estimates ranging from $3.57 billion to $3.71 billion. Zacks Investment Research's sales averages are a mean average based on a survey of research analysts that follow RH.

RH (NYSE:RH) last issued its earnings results on Tuesday, March 23rd. The company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.78 by $0.29. The company had revenue of $812.62 million during the quarter, compared to analyst estimates of $796.31 million. RH had a net margin of 7.78% and a return on equity of 354.62%. The company's revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS.

Several equities research analysts recently issued reports on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of RH in a research note on Monday, March 15th. They issued a "buy" rating and a $560.00 price objective for the company. Loop Capital lifted their price objective on shares of RH from $520.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, March 31st. Telsey Advisory Group lifted their price objective on shares of RH from $550.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, March 31st. Cowen lifted their price objective on shares of RH from $570.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, March 31st. Finally, Guggenheim lifted their price objective on shares of RH from $525.00 to $650.00 and gave the company a "buy" rating in a research note on Tuesday, January 19th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $508.22.

RH stock opened at $587.56 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.27 and a debt-to-equity ratio of 3.59. RH has a 1 year low of $105.08 and a 1 year high of $619.52. The company has a fifty day simple moving average of $510.22 and a 200 day simple moving average of $452.56. The firm has a market cap of $12.34 billion, a PE ratio of 74.94, a PEG ratio of 1.06 and a beta of 2.58.

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of RH by 30.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,515,616 shares of the company's stock worth $1,125,788,000 after purchasing an additional 585,804 shares during the period. D1 Capital Partners L.P. increased its stake in RH by 108.0% in the fourth quarter. D1 Capital Partners L.P. now owns 1,133,351 shares of the company's stock valued at $507,197,000 after acquiring an additional 588,388 shares during the period. Pelham Capital Ltd. bought a new stake in RH in the fourth quarter valued at about $128,214,000. Lord Abbett & CO. LLC increased its stake in RH by 4.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 174,721 shares of the company's stock valued at $78,191,000 after acquiring an additional 7,417 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in RH by 7.2% in the third quarter. Voloridge Investment Management LLC now owns 166,333 shares of the company's stock valued at $63,642,000 after acquiring an additional 11,178 shares during the period.

About RH

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, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History and Estimates for RH (NYSE:RH)

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7 Penny Stocks That Don’t Care About Robinhood

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View the "7 Penny Stocks That Don’t Care About Robinhood".


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