FY2022 Earnings Estimate for RH Issued By KeyCorp (NYSE:RH)

RH (NYSE:RH) – Investment analysts at KeyCorp upped their FY2022 earnings estimates for RH in a research report issued to clients and investors on Wednesday, September 8th. KeyCorp analyst B. Thomas now forecasts that the company will earn $25.90 per share for the year, up from their previous forecast of $23.50.

RH (NYSE:RH) last issued its quarterly earnings results on Tuesday, September 7th. The company reported $8.48 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.90. The business had revenue of $989.00 million during the quarter, compared to analyst estimates of $972.37 million. RH had a net margin of 15.23% and a return on equity of 157.76%. RH’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.90 earnings per share.

A number of other equities analysts have also recently weighed in on RH. JPMorgan Chase & Co. lifted their price target on shares of RH from $750.00 to $770.00 and gave the stock an “overweight” rating in a research report on Thursday, June 10th. lifted their price target on shares of RH from $634.00 to $770.00 and gave the stock a “buy” rating in a research report on Thursday, June 10th. Cowen boosted their price objective on shares of RH from $750.00 to $850.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. Zacks Investment Research cut shares of RH from a “buy” rating to a “hold” rating and set a $660.00 price objective on the stock. in a research report on Wednesday, May 19th. Finally, Citigroup boosted their price objective on shares of RH from $770.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, September 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RH has an average rating of “Buy” and a consensus target price of $730.33.

RH opened at $690.94 on Monday. The company has a fifty day moving average price of $689.30 and a two-hundred day moving average price of $639.74. The firm has a market capitalization of $14.80 billion, a PE ratio of 40.10, a P/E/G ratio of 1.72 and a beta of 2.49. RH has a 52 week low of $330.64 and a 52 week high of $744.56. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.39 and a current ratio of 0.97.

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in RH by 120.1% in the 1st quarter. US Bancorp DE now owns 581 shares of the company’s stock valued at $347,000 after purchasing an additional 317 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in RH in the 1st quarter valued at about $224,000. Signaturefd LLC boosted its holdings in RH by 1,925.0% in the 1st quarter. Signaturefd LLC now owns 162 shares of the company’s stock valued at $97,000 after purchasing an additional 154 shares during the period. Victory Capital Management Inc. boosted its holdings in RH by 220.5% in the 1st quarter. Victory Capital Management Inc. now owns 5,778 shares of the company’s stock valued at $3,447,000 after purchasing an additional 3,975 shares during the period. Finally, Kovack Advisors Inc. bought a new stake in RH in the 1st quarter valued at about $227,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

About RH

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 and Estimates for RH (NYSE:RH)

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