Research Analysts Offer Predictions for RH’s FY2019 Earnings (RH)

RH (NYSE:RH) – KeyCorp increased their FY2019 earnings per share estimates for RH in a research note issued on Wednesday, according to Zacks Investment Research. KeyCorp analyst B. Thomas now expects that the company will post earnings per share of $5.90 for the year, up from their prior forecast of $4.82.

RH (NYSE:RH) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $1.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.04. The business had revenue of $592.50 million during the quarter, compared to the consensus estimate of $592.46 million. RH had a return on equity of 20.04% and a net margin of 0.45%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.20 earnings per share.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of RH from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Monday, November 20th. Buckingham Research reissued a “buy” rating on shares of RH in a report on Wednesday, November 15th. Deutsche Bank raised their target price on shares of RH from $100.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, November 14th. Guggenheim reissued a “buy” rating and issued a $95.00 target price (up previously from $75.00) on shares of RH in a report on Wednesday, October 4th. Finally, Citigroup raised shares of RH from a “neutral” rating to a “buy” rating in a report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. RH has an average rating of “Hold” and a consensus target price of $77.18.

RH (NYSE:RH) traded up $0.48 during trading hours on Monday, reaching $95.87. The company had a trading volume of 807,100 shares, compared to its average volume of 1,007,111. The firm has a market capitalization of $2,040.00, a P/E ratio of 228.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.70. RH has a fifty-two week low of $24.41 and a fifty-two week high of $109.53. The company has a quick ratio of 0.28, a current ratio of 1.47 and a debt-to-equity ratio of -48.40.

In other RH news, insider Karen Boone sold 22,000 shares of RH stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $99.60, for a total value of $2,191,200.00. Following the transaction, the insider now owns 25,430 shares in the company, valued at $2,532,828. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary G. Friedman purchased 10,300 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average price of $97.09 per share, for a total transaction of $1,000,027.00. Following the transaction, the chief executive officer now owns 2,245,710 shares of the company’s stock, valued at approximately $218,035,983.90. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RH. Riverhead Capital Management LLC grew its position in RH by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after purchasing an additional 698 shares in the last quarter. Flinton Capital Management LLC grew its position in RH by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after purchasing an additional 464 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in RH during the 3rd quarter worth approximately $274,000.

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About RH

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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