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.

Analysts Set New Price Targets

Several brokerages have issued reports on RH. Bank of America dropped their price objective on RH from $650.00 to $550.00 and set a "buy" rating on the stock in a report on Tuesday, May 31st. Barclays lowered their price target on RH from $400.00 to $300.00 and set an "overweight" rating on the stock in a report on Thursday, June 30th. Robert W. Baird lowered their price target on RH from $330.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, June 30th. Morgan Stanley lowered their price target on RH from $385.00 to $350.00 and set an "equal weight" rating on the stock in a report on Thursday, June 30th. Finally, Loop Capital lowered their price target on RH from $500.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, RH presently has an average rating of "Moderate Buy" and a consensus target price of $366.13.

RH Price Performance

Shares of RH Stock traded up $4.84 during midday trading on Monday, reaching $312.40. 533,728 shares of the company traded hands, compared to its average volume of 882,789. The firm's 50 day simple moving average is $265.12 and its two-hundred day simple moving average is $316.81. RH has a 1-year low of $207.37 and a 1-year high of $733.99. 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 has a market cap of $7.71 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.44 and a beta of 2.33.

RH (NYSE:RH - Get Rating) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $7.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.46 by $2.32. RH had a net margin of 19.68% and a return on equity of 77.40%. The company had revenue of $957.00 million during the quarter, compared to the consensus estimate of $924.76 million. During the same period last year, the firm earned $4.89 EPS. The company's revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts expect that RH will post 24.48 EPS for the current fiscal year.

Insider Transactions at RH

In other news, Director Hilary K. Krane sold 138 shares of the firm's 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 completion of the transaction, the director now directly owns 6,840 shares of the company's stock, valued at approximately $1,650,560.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other RH news, Director Hilary K. Krane sold 138 shares of RH stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $241.31, for a total value of $33,300.78. Following the completion of the sale, the director now directly owns 6,840 shares of the company's stock, valued at approximately $1,650,560.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 17,150 shares of RH stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $254.79, for a total transaction of $4,369,648.50. Following the completion of the sale, the insider now directly owns 73,643 shares of the company's stock, valued at $18,763,499.97. The disclosure for this sale can be found here. Insiders sold a total of 51,213 shares of company stock valued at $13,871,507 in the last ninety days. Corporate insiders own 23.40% of the company's stock.