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| Source: Wallpapers.com |
In its last quarterly earnings announcement on May 25, RH reported EPS of $2.21 for the quarter, beating the consensus estimate of $2.08 by $0.13. The company achieved a return on equity of 47.23% and a net margin of 10.97%. RH earned revenue of $739.00 million for the quarter, compared to analyst estimates of $726.37 million. However, the company saw a 22.8% decline in quarterly revenue year over year.
RH has been covered in several other research reports. Jefferies Financial Group cut its price target from $298.00 to $227.00 in a March 30 report. In a May 30 research report, Barclays cut its price target from $277.00 to $256.00. Citigroup also cut its price target to $330.00 from $380.00 and listed the stock as “buy” in a March 30 research report. Telsey Advisory Group reduced its price target to $225.00 from $280.00 and classified the stock as “Market Perform” on March 30. Finally, StockNews.com upgraded RH from a “Sell” rating to a “Hold” rating in a May 17 research report. One of the analysts called the stock a “Sell”, eight a “Hold” and seven a “Buy”. According to Marketbeat, the stock has an average rating of “Hold” with a consensus price target of $277.06.
RH Price Performance
RH stock began trading Friday at $264.33. The company’s current ratio is 2.91, which means it has enough assets to cover its short-term debts. Their quick ratio is 2.01, which reflects their ability to service their immediate obligations. The debt ratio of the company is 3.70, which shows that it has more debt than equity.
RH’s market capitalization, which is the total value of its outstanding shares, is $5.83 billion. The PE ratio, which compares share price to earnings per share, is 17.48. The P/E/G ratio, which takes into account a stock’s price, earnings and growth, is 2.92. Beta, a measure of a stock’s volatility relative to the broader market, is 2.08.
Over the past year, RH shares have ranged from a low of $207.37 to a high of $351.53. The average price over the last fifty days based on its daily moving average is $251.03, and the average price over the last 200 days is $272.20.
Institutional RH Trade
Recently, many institutional investors have made adjustments to their RH stock holdings. International Assets Investment Management LLC entered the scene during the first quarter by acquiring a new stake in RH that was valued at approximately $25,000. Global Retirement Partners LLC followed suit, boosting its RH holdings to 93.2% in the same quarter, now holding 114 shares valued at $29,000. Kayne Anderson Rudnick Investment Management LLC also joined the party, taking a new position in RH worth $30,000 during the third quarter. James Investment Research Inc. significantly increased its RH holdings by 346.4% in the fourth quarter, which now holds 125 shares valued at $33,000. Lastly, Ellevest Inc. increased its RH holdings by 43.2% in the fourth quarter, which now has 136 shares valued at $36,000. Notably, hedge funds and other institutional investors currently own around 84.16% of the company’s shares.
RH Insider Selling: Director Mark S. DeMilio Sells 2,000 Shares
Director Mark S. DeMilio recently sold 2,000 shares of RH in a trade on June 6. Shares were sold at an average price of $267.35 for a total value of $534,700.00. As a result of this transaction, the Administrator now owns 16,480 shares of the Company, valued at approximately $4,405,928. The sale was disclosed in a document filed with the Securities and Exchange Commission (SEC), which is available on the SEC’s website. It is to be noted that the company’s insiders currently own 23.90% of the company’s shares.
RH Company Profile
RH and its subsidiaries are home furnishings retailers. They offer a wide range of products in categories such as furniture, lighting, textiles, bathware, decor, outdoor and garden, and furniture for children and teens. The company sells its products through retail galleries as well as through a catalog called Source Books. Additionally, customers can shop online at a variety of websites including rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com.
Should You Invest $1,000 in RH Now? : Analyze the investment potential of the RH functions
Although RH currently holds a “hold” rating among analysts, it should be noted that there are five other stocks that top rated analysts recommend as potential top buys. MarketBeat, a platform that tracks Wall Street’s top-performing research analysts, has identified the stocks that analysts believe have the greatest investment potential. While RH may not be on this list, it may be worth exploring these recommended stocks as potential alternatives.
