Restoration Hardware (RH) Looks to Build on Previous Gains

What's Happening With RH View more about RH >

Restoration Hardware (RH) reports Q2 numbers September 10. The company will report after the market close with analysts expecting earnings of $2.70 for the quarter, versus $2.49 during the same period last year. RH is up 23% in 2019.

Technical Analysis

RH was recently trading at $147.1 down $10.61 from its 12-month high and $62.99 above its 12-month low. InvestorsObserver’s Stock Score Report gives RH a 80 long-term technical score and a 86 short-term technical score. The stock has recent support above $135 and recent resistance below $150. Of the 15 analysts who cover the stock 7 rate it Strong Buy, 0 rate it Buy, 8 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, RH gets a score of 75 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Restoration Hardware has enjoyed a strong year so far with the company posting six straight earnings beats in a row and sales coming in well above estimates last quarter. The June numbers sent RH sharply higher and the stock remains in the upper end of its 52-week range. The Street expects the company to post another bottom-line beat with a whisper number of $2.75 for the quarter. There remains good value in the stock with a forward P/E of just 14, but analysts forecast profits will fall 5% annually over the next five years, which will prevent the stock from long-term gains unless the company is able to consistently top estimates moving forward. The market is bullish on the stock after last quarter’s report, but unless it seems another strong set of numbers for Q2 the stock could give those gains back quickly. Analysts have an average price target of $145.25 on the stock.

RH
About RH

RH is a luxury retailer operating in the $121 billion furniture and home furnishing industry. The company offers merchandise across many categories including furniture, lighting, textiles, bath, decor, children, and more and is growing the presence of its hospitality business (with six locations). RH innovates, curates, and integrates products, categories, services, and businesses across channels and brand extensions (RH Teen, RH Modern, and Waterworks, for example). The company is fully integrated across store, Web, and catalog channels, with 44% of sales from the direct-to-consumer channel.

  • Last Price:
    $169.49
  • Previous Close:
    $171.51
  • Change:
    $-2.02 (-1.18%)
  • Open:
    $173.77
  • Volume:
    976,784
  • Average Volume (100 Day):
    966,646
  • Market Capitalization:
    $3.2 B
  • Day's Range:
    $168.33 - $175.29
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $174 - $84.11
  • P-E:
    26.00
  • EPS:
    $6.51
  • Earnings Date:
    12/2/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Consumer Cyclical
  • Industry:
    Specialty Retail
  • Analyst Average Recommendation:
    Moderate Buy

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