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, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com. As of January 29, 2022, it operated a total of 67 RH Galleries and 38 RH outlet stores in 30 states in the District of Columbia and Canada, as well as 14 Waterworks showrooms throughout the United States and the United Kingdom. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was incorporated in 2011 and is headquartered in Corte Madera, California.
RH Stock Performance
RH Stock traded down $14.59 during trading hours on Tuesday, hitting $283.06. 646,509 shares of the stock traded hands, compared to its average volume of 891,754. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.50 and a quick ratio of 1.90. The firm's 50 day moving average price is $264.94 and its 200-day moving average price is $319.89. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 1.34 and a beta of 2.33. RH has a 1 year low of $207.37 and a 1 year high of $744.56.
RH (NYSE:RH - Get Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $7.78 earnings per share for the quarter, beating the consensus estimate of $5.46 by $2.32. RH had a return on equity of 77.40% and a net margin of 19.68%. The business had revenue of $957.00 million for the quarter, compared to the consensus estimate of $924.76 million. During the same quarter in the previous year, the business earned $4.89 EPS. The company's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts expect that RH will post 24.48 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
RH has been the subject of a number of research analyst reports. Telsey Advisory Group decreased their target price on RH from $375.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. Bank of America decreased their target price on RH from $650.00 to $550.00 and set a "buy" rating for the company in a research report on Tuesday, May 31st. Wedbush reduced their price target on RH from $315.00 to $274.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. The Goldman Sachs Group reduced their price target on RH from $262.00 to $224.00 and set a "neutral" rating for the company in a research report on Friday, July 1st. Finally, Morgan Stanley reduced their price target on RH from $385.00 to $350.00 and set an "equal weight" rating for the company in a research report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.13.
Insider Transactions at RH
In other news, insider Edward T. Lee sold 2,200 shares of the company's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $300.00, for a total value of $660,000.00. Following the sale, the insider now owns 2,624 shares in the company, valued at $787,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Edward T. Lee sold 2,200 shares of the company's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $300.00, for a total value of $660,000.00. Following the completion of the transaction, the insider now owns 2,624 shares of the company's stock, valued at approximately $787,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward T. Lee sold 4,400 shares of the company's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $300.26, for a total value of $1,321,144.00. Following the completion of the transaction, the insider now directly owns 2,624 shares of the company's stock, valued at approximately $787,882.24. The disclosure for this sale can be found here. Insiders have sold 51,213 shares of company stock worth $13,871,507 over the last quarter. 23.40% of the stock is currently owned by insiders.