RH (NYSE:RH) Issues Earnings Results

RH (NYSE:RH – Get Rating) announced its quarterly earnings data on Thursday. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.13, Briefing.com reports. RH had a return on equity of 55.97% and a net margin of 14.72%. The firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.37 million. During the same quarter last year, the firm posted $7.78 earnings per share. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year.

RH Trading Down 3.7 %

Shares of RH stock opened at $245.31 on Friday. The stock’s 50-day moving average price is $249.20 and its 200-day moving average price is $273.86. The company has a current ratio of 2.84, a quick ratio of 1.93 and a debt-to-equity ratio of 3.97. RH has a 12-month low of $207.37 and a 12-month high of $351.53. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 2.32 and a beta of 2.08.

Insiders Place Their Bets

In other RH news, Director Hilary K. Krane sold 137 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $306.54, for a total transaction of $41,995.98. Following the completion of the transaction, the director now owns 6,115 shares in the company, valued at $1,874,492.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RH

Large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in RH during the 3rd quarter worth about $30,000. KB Financial Partners LLC grew its position in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock worth $38,000 after purchasing an additional 45 shares during the period. Money Concepts Capital Corp grew its position in RH by 51.7% during the 4th quarter. Money Concepts Capital Corp now owns 217 shares of the company’s stock worth $58,000 after purchasing an additional 74 shares during the period. ICA Group Wealth Management LLC acquired a new stake in RH during the 4th quarter worth about $71,000. Finally, CI Private Wealth LLC purchased a new stake in shares of RH during the 4th quarter worth about $202,000. 84.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on RH shares. StockNews.com upgraded RH from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Bank of America dropped their price target on RH from $338.00 to $315.00 in a report on Sunday, April 2nd. Wedbush dropped their price target on RH from $235.00 to $230.00 in a report on Friday. UBS Group dropped their price target on RH from $280.00 to $255.00 and set a “neutral” rating on the stock in a report on Thursday, March 30th. Finally, Loop Capital dropped their price target on RH from $370.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, RH has a consensus rating of “Hold” and a consensus price target of $278.38.

RH Company Profile

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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.