RH (NYSE:RH) shares traded -0.24% lower at $369.68 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 $360.00 and a low of $176.00, we find $258.00. Given the previous closing price of $370.58, this indicates a potential downside of -30.38 percent. RH stock price is now 32.11% away from the 50-day moving average and 35.63% away from the 200-day moving average. The market capitalization of the company currently stands at $8.03B.
It has been rated a hold by 12 analysts and a buy by 7. Brokers who have rated the stock have averaged $267.50 as their price target over the next twelve months.
With the price target maintained at $300, Loop Capital recently Downgraded its rating from Buy to Hold for RH (NYSE: RH).
In other news, DEMILIO MARK S, Director sold 2,000 shares of the company’s stock on Jun 27. The stock was sold for $610,473 at an average price of $305.24. Upon completion of the transaction, the Director now directly owns 14,480 shares in the company, valued at $5.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, Lee Edward T sold 1,400 shares of the business’s stock. A total of $420,000 was realized by selling the stock at an average price of $300.00. This leaves the insider owning 2,624 shares of the company worth $0.97 million. Insiders disposed of 743,591 shares of company stock worth roughly $274.89 million 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 ATREIDES MANAGEMENT, LP during the first quarter worth $258,241,000. BALYASNY ASSET MANAGEMENT L.P. invested $60,885,000 in shares of RH during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in RH valued at approximately $39,378,000. PECONIC PARTNERS LLC acquired a new stake in RH for approximately $32,569,000. J. GOLDMAN & CO LP purchased a new stake in RH valued at around $25,667,000 in the second quarter. In total, there are 533 active investors with 89.90% ownership of the company’s stock.
RH (NYSE: RH) opened at $370.69 on Thursday. During the past 12 months, RH has had a low of $227.00 and a high of $373.71. As of last week, the company has a debt-to-equity ratio of 3.76, a current ratio of 2.90, and a quick ratio of 2.00. According to the stock market information, the enterprise value for the company is $9.51B, which is based on a 25.64 price-to-earnings ratio, a 32.05 price-to-earnings-growth ratio, and a beta of 2.17. The fifty day moving average price for RH is $282.04 and a two-hundred day moving average price translates $273.19 for the stock.
The latest earnings results from RH (NYSE: RH) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at $2.21, beating analysts’ expectations of $2.09 by 0.12. This compares to $7.22 EPS in the same period last year. The net profit margin was 11.00% and return on equity was 35.70% for RH. The company reported revenue of $739.16 million for the quarter, compared to $957.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.79 percent. For the current quarter, analysts expect RH to generate $775.14M in revenue.
RH(RH) Company Profile
RH, together with its subsidiaries, operates as a retailer in the home furnishings and operates under RH Galleries and RH brand names in the District of Columbia and Canada, as well as Waterworks showrooms throughout the United States and the United Kingdom. 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; online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com, and Source Books, a series of catalogs. 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.
