RH (NYSE:RH) Releases Earnings Results, Misses Estimates By $0.19 EPS

RH (NYSE:RH) issued its quarterly earnings data on Thursday. The company reported $2.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.19), Zacks reports. The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.42) earnings per share. RH updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

RH Stock Up 16.9 %

Shares of NYSE RH opened at $445.92 on Friday. The stock has a market capitalization of $8.22 billion, a PE ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44. The firm has a fifty day moving average of $345.55 and a 200-day moving average of $296.23. RH has a 52-week low of $212.43 and a 52-week high of $457.26.

Insider Buying and Selling

In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at approximately $3,714,034.20. The trade was a 15.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RH has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim boosted their target price on shares of RH from $425.00 to $550.00 and gave the company a “buy” rating in a research note on Friday. Telsey Advisory Group upped their target price on shares of RH from $290.00 to $330.00 and gave the company a “market perform” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $377.07.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.