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 Up 1.8 %

Shares of RH Stock traded up $5.28 on Thursday, reaching $304.57. 30,483 shares of the stock were exchanged, compared to its average volume of 592,040. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 1.32 and a beta of 2.33. The business's 50 day moving average price is $264.99 and its 200 day moving average price is $319.49. The company has a current ratio of 2.50, a quick ratio of 1.90 and a debt-to-equity ratio of 1.97. RH has a twelve month low of $207.37 and a twelve month high of $744.56.

RH (NYSE:RH - Get Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported $7.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.46 by $2.32. The business had revenue of $957.00 million during the quarter, compared to analysts' expectations of $924.76 million. RH had a return on equity of 77.40% and a net margin of 19.68%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.89 EPS. As a group, sell-side analysts expect that RH will post 24.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Cowen lowered their price objective on RH from $450.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. Cowen reduced their price objective on shares of RH from $450.00 to $300.00 and set an "outperform" rating on the stock in a report on Thursday, June 30th. Robert W. Baird lowered their target price on shares of RH from $330.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, June 30th. Gordon Haskett lowered shares of RH from an "accumulate" rating to a "hold" rating in a report on Friday, May 6th. Finally, Barclays dropped their target price on shares of RH from $400.00 to $300.00 and set an "overweight" rating for the company in a report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $366.13.

Insiders Place Their Bets

In related news, insider Eri Chaya sold 17,150 shares of the business's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $254.79, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other RH news, 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 transaction, the insider now owns 73,643 shares of the company's stock, valued at $18,763,499.97. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward T. Lee sold 2,200 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $300.00, for a total value of $660,000.00. Following the completion of the sale, the insider now directly owns 2,624 shares of the company's stock, valued at $787,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,213 shares of company stock valued at $13,871,507. 23.40% of the stock is owned by corporate insiders.