RH Forecasted to Earn Q3 2023 Earnings of $7.30 Per Share (NYSE:RH) - Defense World - Financial Daily News Site

RH Forecasted to Earn Q3 2023 Earnings of $7.30 Per Share (NYSE:RH) – Defense World


RH (NYSE:RH – Get Rating) – Equities research analysts at Jefferies Financial Group decreased their Q3 2023 earnings per share estimates for shares of RH in a note issued to investors on Thursday, June 2nd. Jefferies Financial Group analyst J. Matuszewski now expects that the company will post earnings of $7.30 per share for the quarter, down from their previous estimate of $7.85. Jefferies Financial Group also issued estimates for RH’s Q2 2024 earnings at $6.96 EPS, Q4 2024 earnings at $6.86 EPS and FY2024 earnings at $28.14 EPS.

RH (NYSE:RH – Get Rating) last issued its quarterly earnings results on Thursday, June 2nd. The company reported $7.78 EPS for the quarter, topping the consensus estimate of $5.40 by $2.38. RH had a net margin of 19.68% and a return on equity of 84.15%. The company had revenue of $957.00 million during the quarter, compared to analysts’ expectations of $924.76 million. During the same quarter in the previous year, the company earned $4.89 EPS. RH’s revenue was up 11.2% on a year-over-year basis.

Several other brokerages have also recently commented on RH. Cowen lowered their price target on shares of RH from $550.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday. Gordon Haskett cut shares of RH from an “accumulate” rating to a “hold” rating in a research report on Friday, May 6th. Morgan Stanley decreased their price objective on shares of RH from $400.00 to $385.00 and set an “equal weight” rating for the company in a report on Friday. Bank of America decreased their price objective on shares of RH from $650.00 to $550.00 and set a “buy” rating for the company in a report on Tuesday, May 31st. Finally, StockNews.com began coverage on shares of RH in a report on Thursday, March 31st. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, RH currently has an average rating of “Buy” and an average target price of $550.21.

Shares of NYSE:RH opened at $304.63 on Monday. RH has a one year low of $236.29 and a one year high of $744.56. The company has a 50 day moving average of $315.21 and a 200-day moving average of $408.61. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.91 and a quick ratio of 2.22. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 0.99 and a beta of 2.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of RH by 48.8% in the second quarter. Morgan Stanley now owns 87,906 shares of the company’s stock valued at $59,688,000 after purchasing an additional 28,841 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of RH by 31.0% in the third quarter. Macquarie Group Ltd. now owns 440 shares of the company’s stock valued at $293,000 after purchasing an additional 104 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of RH in the third quarter valued at $617,000. Dimensional Fund Advisors LP increased its holdings in shares of RH by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 165,139 shares of the company’s stock valued at $110,156,000 after purchasing an additional 1,306 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of RH by 0.8% in the third quarter. Neuberger Berman Group LLC now owns 50,365 shares of the company’s stock valued at $33,511,000 after purchasing an additional 403 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

In other RH news, Director Hilary K. Krane sold 138 shares of the company’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $328.93, for a total transaction of $45,392.34. Following the sale, the director now directly owns 7,116 shares of the company’s stock, valued at $2,340,665.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eri Chaya sold 17,150 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 73,643 shares in the company, valued at $18,763,499.97. The disclosure for this sale can be found here. In the last three months, insiders sold 466,896 shares of company stock worth $149,399,586. 23.40% of the stock is currently owned by insiders.

About RH (Get Rating)

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.

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Earnings History and Estimates for RH (NYSE:RH)



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