RH (NYSE:RH) Expected to Post Quarterly Sales of $753.49 Million


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Brokerages expect RH (NYSE:RH) to report $753.49 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for RH’s earnings. The highest sales estimate is $780.10 million and the lowest is $724.34 million. RH posted sales of $482.90 million in the same quarter last year, which suggests a positive year over year growth rate of 56%. The firm is expected to announce its next earnings results on Thursday, June 3rd.

According to Zacks, analysts expect that RH will report full year sales of $3.38 billion for the current year, with estimates ranging from $3.31 billion to $3.42 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.65 billion, with estimates ranging from $3.57 billion to $3.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for RH.

RH (NYSE:RH) last issued its quarterly earnings results on Tuesday, March 23rd. The company reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.78 by $0.29. The company had revenue of $812.62 million for the quarter, compared to the consensus estimate of $796.31 million. RH had a net margin of 7.78% and a return on equity of 354.62%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.72 EPS.

A number of equities analysts recently weighed in on RH shares. Telsey Advisory Group boosted their price target on shares of RH from $550.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, March 31st. Cowen boosted their price objective on RH from $570.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, March 31st. Citigroup initiated coverage on RH in a research note on Monday, March 15th. They issued a “buy” rating and a $560.00 price objective on the stock. Guggenheim boosted their price objective on RH from $525.00 to $650.00 and gave the company a “buy” rating in a research note on Tuesday, January 19th. Finally, JPMorgan Chase & Co. boosted their price objective on RH from $570.00 to $610.00 and gave the company an “overweight” rating in a research note on Wednesday, March 31st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $508.22.

Several institutional investors and hedge funds have recently made changes to their positions in RH. US Bancorp DE increased its position in shares of RH by 148.5% during the third quarter. US Bancorp DE now owns 251 shares of the company’s stock valued at $96,000 after buying an additional 150 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of RH by 395.1% during the third quarter. Great West Life Assurance Co. Can now owns 40,446 shares of the company’s stock worth $3,927,000 after purchasing an additional 32,276 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of RH by 4.1% during the third quarter. UBS Asset Management Americas Inc. now owns 17,453 shares of the company’s stock worth $6,678,000 after purchasing an additional 685 shares in the last quarter. Truist Financial Corp purchased a new position in shares of RH during the third quarter worth about $440,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of RH during the third quarter worth about $451,000.

Shares of NYSE:RH traded up $12.19 during midday trading on Thursday, reaching $613.16. The company had a trading volume of 334,110 shares, compared to its average volume of 494,958. The company’s 50 day moving average price is $514.57 and its 200 day moving average price is $454.75. The company has a current ratio of 0.83, a quick ratio of 0.27 and a debt-to-equity ratio of 3.59. The stock has a market cap of $12.87 billion, a P/E ratio of 78.21, a P/E/G ratio of 1.06 and a beta of 2.58. RH has a 52-week low of $116.62 and a 52-week high of $619.52.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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