RH (RH) to Release Quarterly Earnings on Wednesday

RH (NYSE:RH) will likely be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.90 per share and revenue of $828.21 million for the quarter.

RH Stock Performance

NYSE RH opened at $221.30 on Wednesday. The business has a fifty day moving average price of $364.18 and a 200 day moving average price of $352.64. The company has a market cap of $4.12 billion, a P/E ratio of 63.59, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a one year low of $212.04 and a one year high of $457.26.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RH shares. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of RH in a report on Tuesday, February 18th. The Goldman Sachs Group upgraded RH from a “sell” rating to a “neutral” rating and upped their target price for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Loop Capital upped their target price on RH from $320.00 to $450.00 and gave the company a “hold” rating in a report on Monday, December 16th. Stifel Nicolaus upped their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $435.00 to $530.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, RH currently has an average rating of “Moderate Buy” and an average target price of $423.27.

Insider Activity at RH

In other RH news, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last three months. 28.10% of the stock is owned by company insiders.

RH Company Profile

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.