RH (NYSE:RH) released its quarterly earnings data on Tuesday. The company reported $4.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.20 by $0.69, Briefing.com reports. RH had a net margin of 9.54% and a return on equity of 207.69%. The company had revenue of $860.79 million during the quarter, compared to analyst estimates of $757.74 million. During the same period in the prior year, the firm earned $1.27 earnings per share. The firm’s revenue for the quarter was up 82.0% compared to the same quarter last year.
RH stock traded up $96.48 during mid-day trading on Thursday, hitting $707.81. The company had a trading volume of 116,700 shares, compared to its average volume of 499,801. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.28. RH has a 12-month low of $226.82 and a 12-month high of $733.05. The firm’s fifty day moving average is $639.71. The stock has a market cap of $14.86 billion, a P/E ratio of 74.11, a price-to-earnings-growth ratio of 1.98 and a beta of 2.50.
A number of analysts recently weighed in on RH shares. Loop Capital upped their price objective on shares of RH from $600.00 to $800.00 and gave the stock a “buy” rating in a research note on Monday, May 10th. They noted that the move was a valuation call. William Blair reaffirmed an “outperform” rating on shares of RH in a research note on Tuesday, April 27th. Citigroup boosted their target price on shares of RH from $634.00 to $770.00 and gave the stock a “buy” rating in a report on Thursday. Telsey Advisory Group boosted their target price on shares of RH from $600.00 to $675.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Wells Fargo & Company upped their price objective on shares of RH from $700.00 to $725.00 and gave the company an “overweight” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $644.53.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, 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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