RH (RH) Expected to Announce Earnings on Wednesday

RH (NYSE:RH) will likely be releasing its earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.90 per share and revenue of $828.21 million for the quarter.

RH Stock Performance

NYSE RH opened at $242.24 on Monday. RH has a twelve month low of $212.04 and a twelve month high of $457.26. The stock has a market cap of $4.51 billion, a PE ratio of 69.61, a PEG ratio of 2.65 and a beta of 2.50. The firm has a 50-day simple moving average of $353.74 and a 200 day simple moving average of $352.33.

Insider Activity at RH

In related news, Director Keith Belling sold 500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock valued at $28,922,379 in the last ninety days. Insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the subject of a number of research reports. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Stifel Nicolaus upped their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of RH from $500.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Robert W. Baird boosted their price target on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Guggenheim raised their price objective on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, RH has a consensus rating of “Moderate Buy” and an average target price of $412.44.

About RH

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.