RH (NYSE:RH) Posts Earnings Results, Misses Expectations By $0.19 EPS

RH (NYSE:RH) posted its earnings results on Thursday. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19), Zacks reports. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.42) earnings per share. RH updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

RH Stock Up 16.9 %

Shares of NYSE RH opened at $445.92 on Friday. The firm’s 50-day moving average price is $345.55 and its two-hundred day moving average price is $296.23. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The stock has a market capitalization of $8.22 billion, a P/E ratio of 262.31, a P/E/G ratio of 2.44 and a beta of 2.44.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RH. BNP Paribas restated an “underperform” rating and set a $253.00 target price on shares of RH in a research note on Wednesday, November 13th. Telsey Advisory Group raised their price objective on RH from $290.00 to $330.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Guggenheim lifted their price objective on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $420.00 target price (up from $375.00) on shares of RH in a research note on Monday, December 9th. Finally, StockNews.com raised shares of RH from a “sell” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $377.07.

Insider Activity

In other news, insider Edward T. Lee sold 2,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total transaction of $707,140.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total transaction of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,285 shares of company stock valued at $2,871,935. 28.10% of the stock is currently owned by 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.