RH (RH) to Release Earnings on Wednesday

RH (NYSE:RH) is projected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect RH to post earnings of $1.90 per share and revenue of $828.21 million for the quarter.

RH Stock Performance

Shares of RH stock opened at $258.52 on Tuesday. The firm has a fifty day moving average of $350.53 and a 200-day moving average of $352.39. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 74.29, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52-week low of $212.04 and a 52-week high of $457.26.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of RH from a “sell” rating to a “neutral” rating and increased their price target for the stock from $261.00 to $374.00 in a research report on Thursday, January 30th. Morgan Stanley upgraded RH from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Telsey Advisory Group decreased their price target on RH from $500.00 to $420.00 and set an “outperform” rating on the stock in a research note on Monday. StockNews.com lowered RH from a “hold” rating to a “sell” rating in a research note on Wednesday, March 19th. Finally, Robert W. Baird boosted their target price on shares of RH from $300.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, RH currently has an average rating of “Moderate Buy” and an average price target of $412.56.

Insider Buying and Selling

In related news, CAO Christina Hargarten sold 5,280 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eri Chaya sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $416.27, for a total transaction of $4,162,700.00. The disclosure for this sale can be found here. Insiders sold 66,380 shares of company stock worth $28,922,379 in the last quarter. Insiders own 28.10% of the company’s stock.

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.