RH (NYSE:RH) Issues Earnings Results

RH (NYSE:RH) released its quarterly earnings data on Tuesday. The company reported $8.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.90, Briefing.com reports. RH had a net margin of 12.57% and a return on equity of 156.85%. The company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $972.37 million. During the same quarter in the previous year, the company earned $4.90 earnings per share. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis.

RH opened at $725.00 on Friday. The firm has a market capitalization of $15.25 billion, a PE ratio of 52.35, a PEG ratio of 1.76 and a beta of 2.49. RH has a twelve month low of $330.64 and a twelve month high of $744.56. The firm’s 50-day moving average price is $688.98 and its 200 day moving average price is $633.56. The company has a current ratio of 0.97, a quick ratio of 0.39 and a debt-to-equity ratio of 1.81.

An institutional investor recently raised its position in RH stock. Morgan Stanley raised its position in RH (NYSE:RH) by 48.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,906 shares of the company’s stock after purchasing an additional 28,841 shares during the quarter. Morgan Stanley owned about 0.42% of RH worth $59,688,000 as of its most recent SEC filing. 94.22% of the stock is owned by institutional investors.

RH has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of RH from a “buy” rating to a “hold” rating and set a $660.00 price objective for the company. in a report on Wednesday, May 19th. Wedbush lifted their price objective on shares of RH from $720.00 to $760.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of RH from $750.00 to $770.00 and gave the company an “overweight” rating in a research report on Thursday, June 10th. Gordon Haskett upgraded shares of RH from a “hold” rating to an “accumulate” rating and lifted their target price for the company from $550.00 to $750.00 in a research report on Thursday, June 10th. Finally, Telsey Advisory Group lifted their target price on shares of RH from $725.00 to $770.00 and gave the company an “outperform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $712.81.

RH Company Profile

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, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History for RH (NYSE:RH)

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