RH (NYSE:RH) Posts Earnings Results, Misses Expectations By $0.99 EPS

RH (NYSE:RH) posted its quarterly earnings data on Wednesday. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.99), Briefing.com reports. The company had revenue of $738.26 million for the quarter, compared to analyst estimates of $777.50 million. RH had a net margin of 7.28% and a return on equity of 81.84%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 EPS. RH updated its FY 2024 guidance to EPS.

RH Stock Performance

RH stock opened at $297.10 on Thursday. RH has a 1 year low of $207.26 and a 1 year high of $406.38. The firm has a market cap of $5.47 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 2.85 and a beta of 2.43. The stock has a 50-day simple moving average of $271.63 and a 200-day simple moving average of $268.34.

Analyst Ratings Changes

A number of research firms recently commented on RH. Wedbush increased their price objective on RH from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley reduced their target price on RH from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, December 8th. Bank of America reduced their target price on RH from $345.00 to $309.00 and set a “buy” rating on the stock in a research report on Friday, December 8th. Robert W. Baird increased their target price on RH from $280.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $335.00 target price (up from $285.00) on shares of RH in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, RH has an average rating of “Hold” and a consensus target price of $320.29.

Insider Activity

In other news, insider Edward T. Lee sold 2,624 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $264.50, for a total value of $694,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.90% of the company’s stock.

Institutional Investors Weigh In On RH

A number of large investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in RH during the 3rd quarter valued at approximately $30,000. KB Financial Partners LLC grew its stake in RH by 61.6% during the 1st quarter. KB Financial Partners LLC now owns 118 shares of the company’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. Money Concepts Capital Corp grew its stake in RH by 51.7% during the 4th quarter. Money Concepts Capital Corp now owns 217 shares of the company’s stock valued at $58,000 after purchasing an additional 74 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in RH during the 4th quarter valued at approximately $71,000. Finally, KBC Group NV acquired a new stake in RH during the 4th quarter valued at approximately $105,000. Institutional investors and hedge funds own 90.17% 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.