RH (RH) to Release Earnings on Wednesday

RH (NYSE:RH - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $1.90 per share and revenue of $828.21 million for the quarter.

RH Stock Performance

NYSE:RH traded up $8.21 on Friday, hitting $242.24. 1,263,340 shares of the stock were exchanged, compared to its average volume of 766,718. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 69.61, a P/E/G ratio of 2.65 and a beta of 2.50. RH has a 52 week low of $212.04 and a 52 week high of $457.26. The company's 50-day moving average price is $353.74 and its 200 day moving average price is $350.89.

Insider Buying and Selling

In related news, Director Keith Belling sold 500 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $417.85, for a total value of $208,925.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $2,076,714.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edward T. Lee sold 600 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,380 shares of company stock worth $28,922,379. Company insiders own 28.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on RH shares. Morgan Stanley raised shares of RH from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of RH in a research note on Tuesday, February 18th. UBS Group cut their target price on RH from $440.00 to $250.00 and set a "neutral" rating on the stock in a research note on Friday. Guggenheim boosted their target price on RH from $425.00 to $550.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upgraded shares of RH from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $261.00 to $374.00 in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $412.44.

About RH

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.