RH (RH) to Post Q3 2018 Earnings of $0.36 Per Share, Oppenheimer Holdings Forecasts

RH (NYSE:RH) – Analysts at Oppenheimer Holdings increased their Q3 2018 earnings per share (EPS) estimates for RH in a research note issued on Thursday, according to Zacks Investment Research. Oppenheimer Holdings analyst B. Nagel now forecasts that the company will earn $0.36 per share for the quarter, up from their prior estimate of $0.32. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for RH’s Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $1.78 EPS.

A number of other analysts also recently commented on RH. Robert W. Baird set a $32.00 price objective on shares of RH and gave the stock a “hold” rating in a report on Saturday, February 25th. Vetr downgraded shares of RH from a “buy” rating to a “hold” rating and set a $35.67 price objective on the stock. in a report on Monday, March 13th. Cowen and Company lifted their target price on shares of RH from $33.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, March 30th. Deutsche Bank AG lifted their target price on shares of RH from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Finally, Telsey Advisory Group lifted their target price on shares of RH from $33.00 to $41.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. RH presently has an average rating of “Hold” and an average target price of $40.47.

Earnings History and Estimates for RH (NYSE:RH)

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Shares of RH (NYSE:RH) traded up 1.74% during midday trading on Friday, hitting $48.64. 996,700 shares of the stock were exchanged. The stock has a 50 day moving average price of $40.16 and a 200-day moving average price of $33.06. The company has a market cap of $1.75 billion, a PE ratio of 374.15 and a beta of 1.57. RH has a 12 month low of $24.41 and a 12 month high of $48.91.

RH (NYSE:RH) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $586.70 million for the quarter, compared to analyst estimates of $585 million. RH had a net margin of 1.33% and a return on equity of 7.09%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share.

Large investors have recently added to or reduced their stakes in the company. State Treasurer State of Michigan increased its stake in RH by 1.3% in the third quarter. State Treasurer State of Michigan now owns 15,400 shares of the company’s stock valued at $533,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in shares of RH by 1.2% in the third quarter. Arizona State Retirement System now owns 17,000 shares of the company’s stock valued at $588,000 after buying an additional 200 shares during the period. Texas Permanent School Fund increased its position in shares of RH by 0.7% in the third quarter. Texas Permanent School Fund now owns 29,078 shares of the company’s stock valued at $1,006,000 after buying an additional 203 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of RH by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,950 shares of the company’s stock valued at $586,000 after buying an additional 240 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of RH by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,944 shares of the company’s stock valued at $448,000 after buying an additional 260 shares during the period.

RH Company Profile

RH, formerly Restoration Hardware Holdings, Inc, is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. The Company classifies its sales into furniture and non-furniture product lines.

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