RH (NYSE:RH) shares traded -4.94% lower at $282.53 on Wall Street last session.
In accordance with the data, 20 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 $385.00 and a low of $215.00, we find $325.00. Given the previous closing price of $297.21, this indicates a potential upside of 9.35 percent. RH stock price is now -6.06% away from the 50-day moving average and 2.86% away from the 200-day moving average. The market capitalization of the company currently stands at $6.67B.
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It has been rated a hold by 11 analysts and a buy by 8. Brokers who have rated the stock have averaged $324.38 as their price target over the next twelve months.
With the price target maintained at $298, Jefferies recently Downgraded its rating from Buy to Hold for RH (NYSE: RH). On February 06, 2023, Telsey Advisory Group Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $330, while ‘Goldman’ rates the stock as ‘Sell’.
In other news, Krane Hilary K, Director sold 137 shares of the company’s stock on Feb 27. The stock was sold for $41,996 at an average price of $306.54. Upon completion of the transaction, the Director now directly owns 6,115 shares in the company, valued at $1.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 25, Director Krane Hilary K sold 137 shares of the business’s stock. A total of $41,307 was realized by selling the stock at an average price of $301.51. This leaves the insider owning 6,252 shares of the company worth $1.77 million. Insiders disposed of 4,345,088 shares of company stock worth roughly $1.23 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 ANOMALY CAPITAL MANAGEMENT, LP during the first quarter worth $81,178,000. KINETIC PARTNERS MANAGEMENT, LP invested $39,243,000 in shares of RH during the first quarter. In the first quarter, SENVEST MANAGEMENT, LLC acquired a new stake in RH valued at approximately $38,017,000. CIBC WORLD MARKETS CORP acquired a new stake in RH for approximately $18,364,000. LOCUST WOOD CAPITAL ADVISERS, LLC purchased a new stake in RH valued at around $10,324,000 in the second quarter. In total, there are 528 active investors with 89.90% ownership of the company’s stock.
RH (NYSE: RH) opened at $288.80 on Monday. During the past 12 months, RH has had a low of $207.37 and a high of $395.00. As of last week, the company has a debt-to-equity ratio of 2.45, a current ratio of 3.50, and a quick ratio of 2.60. The fifty day moving average price for RH is $300.76 and a two-hundred day moving average price translates $274.66 for the stock.
The latest earnings results from RH (NYSE: RH) was released for Oct, 2022. According to the Specialty Retail Company, earnings per share came in at $5.67, beating analysts’ expectations of $4.7 by 0.97. This compares to $5.88 EPS in the same period last year. The net profit margin was 15.30% and return on equity was 45.30% for RH. The company reported revenue of $869.07 million for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.65 percent. For the current quarter, analysts expect RH to generate $779.75M 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.
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