RH - RH Stock Forecast, Price & News

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 traded up $1.27 during trading on Friday, hitting $304.77. 7,202 shares of the stock were exchanged, compared to its average volume of 589,158. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.20, a PEG ratio of 1.40 and a beta of 2.33. The company has a quick ratio of 1.90, a current ratio of 2.50 and a debt-to-equity ratio of 1.97. The stock has a fifty day moving average price of $265.02 and a two-hundred day moving average price of $318.77. RH has a 1-year low of $207.37 and a 1-year high of $744.56.

RH (NYSE:RH - Get Rating) last issued its earnings results on Thursday, June 2nd. The company reported $7.78 earnings per share for the quarter, topping 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 company had revenue of $957.00 million during the quarter, compared to the consensus estimate of $924.76 million. During the same quarter in the prior year, the business earned $4.89 earnings per share. The company's revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts predict that RH will post 24.48 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on RH shares. Wells Fargo & Company lowered their target price on RH from $400.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, June 30th. Wedbush dropped their price target on RH from $315.00 to $274.00 and set an "outperform" rating for the company in a research note on Thursday, June 30th. Cowen reduced their price target on RH from $450.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, June 30th. Barclays dropped their price target on RH from $400.00 to $300.00 and set an "overweight" rating on the stock in a research report on Thursday, June 30th. Finally, Bank of America reduced their price objective on RH from $650.00 to $550.00 and set a "buy" rating for the company in a research note on Tuesday, May 31st. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $366.13.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 2,373 shares of RH stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $305.12, for a total value of $724,049.76. Following the completion of the transaction, the director now owns 8,116 shares in the company, valued at $2,476,353.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Hilary K. Krane sold 138 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $241.31, for a total transaction of $33,300.78. Following the sale, the director now owns 6,840 shares in the company, valued at approximately $1,650,560.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Belling sold 2,373 shares of the firm's stock in a transaction on Monday, June 6th. The shares were sold at an average price of $305.12, for a total transaction of $724,049.76. Following the transaction, the director now directly owns 8,116 shares of the company's stock, valued at approximately $2,476,353.92. The disclosure for this sale can be found here. Insiders have sold a total of 51,213 shares of company stock worth $13,871,507 over the last three months. Corporate insiders own 23.40% of the company's stock.