RH (NYSE:RH) shares traded 2.29% higher at $276.45 on Wall Street last session.
In accordance with the data, 21 analysts cover RH (NYSE:RH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $420.00 and a low of $227.00, we find $320.00. Given the previous closing price of $270.25, this indicates a potential upside of 18.41 percent. RH stock price is now 8.06% away from the 50-day moving average and -6.36% away from the 200-day moving average. The market capitalization of the company currently stands at $6.88B.
It has been rated a hold by 9 analysts and a buy by 11. Brokers who have rated the stock have averaged $319.19 as their price target over the next twelve months.
With the price target reduced from $328 to $243, Barclays Downgraded its rating from Overweight to Equal Weight for RH (NYSE: RH). On November 18, 2022, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $274 to quote $270, while ‘William Blair’ rates the stock as ‘Outperform’.
In other news, Lee Edward T, insider sold 2,190 shares of the company’s stock on Nov 15. The stock was sold for $657,000 at an average price of $300.00. Upon completion of the transaction, the insider now directly owns 2,624 shares in the company, valued at $0.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25, Director Krane Hilary K sold 137 shares of the business’s stock. A total of $32,379 was realized by selling the stock at an average price of $236.34. This leaves the insider owning 6,663 shares of the company worth $1.84 million. Insiders disposed of 3,623,892 shares of company stock worth roughly $1.0 billion over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RH stock. A new stake in RH shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $43,088,000. CAPITAL RESEARCH GLOBAL INVESTORS invested $27,645,000 in shares of RH during the first quarter. In the first quarter, STEADFAST CAPITAL MANAGEMENT LP acquired a new stake in RH valued at approximately $23,532,000. WOODSON CAPITAL MANAGEMENT, LP acquired a new stake in RH for approximately $8,846,000. STADIUM CAPITAL MANAGEMENT LLC purchased a new stake in RH valued at around $6,909,000 in the second quarter. In total, there are 544 active investors with 89.60% ownership of the company’s stock.
RH (NYSE: RH) opened at $271.09 on Wednesday. During the past 12 months, RH has had a low of $207.37 and a high of $658.51. As of last week, the company has a debt-to-equity ratio of 2.59, a current ratio of 3.40, and a quick ratio of 2.50. The fifty day moving average price for RH is $255.83 and a two-hundred day moving average price translates $295.24 for the stock.
The latest earnings results from RH (NYSE: RH) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $8.08, beating analysts’ expectations of $6.71 by 1.37. This compares to $7.09 EPS in the same period last year. The net profit margin was 17.00% and return on equity was 55.00% for RH. The company reported revenue of $991.62 million for the quarter, compared to $988.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.28 percent. For the current quarter, analysts expect RH to generate $842.7M in revenue.
RH(RH) Company Profile
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.