RH to Post FY2024 Earnings of $7.87 Per Share, Telsey Advisory Group Forecasts (NYSE:RH)

RH (NYSE:RH) – Equities research analysts at Telsey Advisory Group decreased their FY2024 earnings estimates for shares of RH in a research note issued on Tuesday, March 26th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings of $7.87 per share for the year, down from their previous estimate of $8.00. Telsey Advisory Group has a “Market Perform” rating and a $335.00 price objective on the stock. The consensus estimate for RH’s current full-year earnings is $7.83 per share. Telsey Advisory Group also issued estimates for RH’s Q4 2024 earnings at $1.66 EPS and Q3 2026 earnings at $3.30 EPS.

A number of other equities analysts have also recently weighed in on the stock. Robert W. Baird upped their price objective on shares of RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America reduced their price objective on shares of RH from $345.00 to $309.00 and set a “buy” rating for the company in a research report on Friday, December 8th. JPMorgan Chase & Co. upped their target price on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company upped their target price on shares of RH from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wedbush upped their target price on shares of RH from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $322.07.

RH Stock Performance

NYSE:RH opened at $347.99 on Wednesday. The company has a fifty day moving average of $273.49 and a two-hundred day moving average of $268.20. The stock has a market capitalization of $6.40 billion, a PE ratio of 37.78, a P/E/G ratio of 2.85 and a beta of 2.43. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38.

RH (NYSE:RH) last posted its earnings results on Wednesday, March 27th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.99). RH had a net margin of 7.28% and a return on equity of 81.84%. The firm had revenue of $738.26 million during the quarter, compared to analyst estimates of $777.50 million. During the same quarter in the prior year, the firm earned $2.88 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis.

Institutional Trading of RH

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in RH by 145.6% in the fourth quarter. Morgan Stanley now owns 594,574 shares of the company’s stock valued at $158,864,000 after purchasing an additional 352,456 shares during the last quarter. Durable Capital Partners LP grew its position in shares of RH by 187.3% during the second quarter. Durable Capital Partners LP now owns 491,640 shares of the company’s stock worth $162,040,000 after acquiring an additional 320,538 shares during the last quarter. FMR LLC grew its position in shares of RH by 11.5% during the third quarter. FMR LLC now owns 2,143,424 shares of the company’s stock worth $566,636,000 after acquiring an additional 221,858 shares during the last quarter. Steadfast Capital Management LP grew its position in RH by 239.4% in the 4th quarter. Steadfast Capital Management LP now owns 288,949 shares of the company’s stock valued at $77,204,000 after buying an additional 203,826 shares during the last quarter. Finally, Norges Bank purchased a new position in RH in the 4th quarter valued at $46,157,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Transactions at RH

In related news, insider Edward T. Lee sold 2,624 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $264.50, for a total value of $694,048.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.90% of the company’s stock.

About RH

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.