|Bid||0.00 x 900|
|Ask||193.25 x 800|
|Day's Range||168.74 - 173.39|
|52 Week Range||84.11 - 174.41|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||26.67|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||175.33|
RH was volatile in early trade despite a big beat and topping earnings expectations. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers discuss.
RH late Wednesday raised its profit outlook for fiscal 2019 by 25 cents and said it expects another boost to next year's bottom line. The company formerly known as Restoration Hardware said it expects adjusted per-share earnings between $10.78 and $11.01 for fiscal 2019. For fiscal 2020, the company said it expects a benefit of about 75 cents a share to its adjusted EPS. Analysts polled by FactSet expect adjusted EPS of $10.72 for the year, and of $12 for the next year. Shares rose less than 0.1% in the extended session Wednesday after ending the regular trading day down 0.7%.
As previously announced, RH will apply proceeds from the offering to retire the Company’s $200 million of outstanding second lien debt as well as reduce outstanding borrowings under its credit facilities. Based upon the final terms of the convertible notes offering and the reduction in outstanding balances of debt bearing higher interest rates than the 0% convertible notes, the Company is raising its FY 2019 adjusted diluted earnings per share guidance by $0.25 to a range of $10.78 to $11.01, and expects an approximate $0.75 per share benefit to adjusted diluted earnings per share in fiscal 2020.
The Zacks Analyst Blog Highlights: America's Car-Mart, Asbury Automotive, Stamps.com, RH and Casey's General Stores
Marking the first anniversary of one of its most iconic spaces to date, RH (RH) announced today the release of “RH New York, The Movie,” a short film documenting the creation of RH New York, The Gallery in the Historic Meatpacking District. This first-of-its-kind, 90,000-square-foot retail experience features a skylit six-story atrium with transparent glass elevator, Rooftop Restaurant, Barista Bar & Wine Terrace, Interior Design Firm, “New York Night,” a dramatic art installation by Alison Berger, and full floors dedicated to RH Interiors, Modern, Outdoor, Baby & Child, and TEEN. RH (RH) is a curator of design, taste and style in the luxury lifestyle market.
Buoyed by a resilient labor market and solid income gains, consumers remain the primary source of firepower for economic growth amid moribund factory output.
Restoration Hardware (RH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
In connection with the exercise of the over-allotment option, RH has entered into additional convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the additional convertible notes issuance up to a 100% premium to RH’s closing stock price on September 12, 2019. Under the terms of these transactions, the Company’s shareholders are not expected to experience earnings dilution until the Company’s stock price is above approximately $338.24.
RH also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $50 million of the notes on the same terms and conditions, for a total potential offering size of up to $350 million. In connection with the offering of the notes, RH has entered into convertible note hedge and warrant transactions on terms that have the effect of limiting earnings dilution as a result of the convertible notes issuance up to a 100% premium to today’s closing stock price.
Shares of RH , fomerly known as Restoration Hardware, pared gains in morning trading Thursday, after the home furnishings retailer said it plans to explore a potential $300 million convertible note offering, to qualified institutional buyers and due 2024. The stock resumed trading to be up 1.2%, after being up 3.2% prior to a trading halt on news. The company said it plans to use proceeds from a potential offering primarily to retire $200 million of second lien debt, reduce outstanding borrowings from its credit facility and pay net costs of the convertible note hedge. The company said retirement of the second-lien debt would lower interest expenses by $6.5 million in the second half of fiscal 2019, and $18 million on an annual basis, which would allow the company to raise 2019 adjusted EPS by about 20 cents to 25 cents and by 65 cents to 70 cents in fiscal 2020. The stock has rallied 41.1% year to date, while the S&P 500 has gained 20.1%.
RH (RH) announced today that it intends to explore a potential offering of $300 million aggregate principal amount of convertible notes due 2024 in a private offering to qualified institutional buyers. In the event the Company chooses to complete the proposed $300 million offering, RH would expect to enter into convertible note hedge and warrant transactions that are designed to offset the effect of dilution from the conversion of the notes up to 100% or more of the common stock price at the time of pricing of the notes. The proceeds from the offering would primarily be used to retire the Company’s $200 million of outstanding second lien debt, reduce outstanding borrowings under the Company’s credit facility and to pay the net costs of the convertible note hedge and warrant transactions.
Analysts have a consensus target price of $171.92 on RH stock, which implies an upside of about 3% based on its closing price of $166.95 on Wednesday.
Equities continue to stretch higher as the week wears on, with U.S. stocks once again pushing higher. Let's look at a few top stock trades from Wednesday. Top Stock Trades for Tomorrow 1: AT&TEarlier this week, shares of AT&T (NYSE:T) were poised for big gains thanks to news of activist investor Elliott Management acquiring an equity stake. However, the stock faded for most of Monday's session, although it still ended higher on the day. InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn Wednesday, shares took out Monday's high and are moving nicely to the upside. * 10 Healthcare Stocks to Buy Despite the Headlines The rally on Monday broke T stock over channel resistance (blue line). So long as it maintains above $37 -- which was weekly resistance and can be seen here -- then it's okay on the long side. Side note: Look at that awesome volume accumulation (blue circle)! Top Stock Trades for Tomorrow 2: UberUber (NYSE:UBER) and Lyft (NASDAQ:LYFT) stock actually traded higher, despite recent California legislation that's expected to hurt the ride-hailing companies' bottom line. Rallying on bad news is actually a good thing. For Uber, the stock has also broken over channel resistance. However, shares are being rejected by the 20-day moving average, and still face likely resistance at $36. Here's what to watch for now. Shares need to hold above former channel resistance and not make new lows. That will at least be constructive price action for the bulls. Additionally, let's see if Uber stock can reclaim the 20-day moving average. It tried on Wednesday but was rejected. If it does, $36 is on the table. Top Stock Trades for Tomorrow 3: LyftLyft has a very similar setup to Uber -- what a shocker. For Lyft though, it's not quite as far out of the woods is Uber. Shares were also rejected by the 20-day moving average and while they're currently above channel resistance, it's not a lay-up that it stays that way. Like Uber, Lyft stock needs to avoid making new lows. A close over $48 and the 20-day moving average could trigger a rally up to the 50-day moving average. Top Stock Trades for Tomorrow 4: Russell 2000 ETF The iShares Russell 2000 ETF (NYSEARCA:IWM) has been a beast this week, something InvestorPlace readers were tipped off to earlier this week in the Stock Market Today column. In any regard, the IWM is running into some potential resistance between $156.50 and $158. Over the latter and the bulls can look to squeeze the ETF up to the May highs near $160.50. The IWM has lagged the S&P 500, Dow Jones Industrial Average and the Nasdaq both year-to-date and over the past 12 months. If it can continue gaining momentum, perhaps it will look to close some of that gap. On the downside, bulls need to see $150 hold as support. Top Stock Trades for Tomorrow 5: Restoration HardwareThe company delivered another beat-and-raise quarter and yet, Restoration Hardware (NYSE:RH) actually opened lower on the day. Rising more than 6.5% by the close though, buyers really stepped up. As shares technically become overbought, there is additional concern as it runs into possible channel resistance. It's possible that it breaks out over this area, but if not, the bull case is not over. * 10 Stocks to Sell in Market-Cursed September So long as RH holds over $158, it looks good on the long side. That marks the prior high from March. I would love to see trendline No. 2 buoy the name from here. Should it fail as support, $150 could be on the table. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 5 Top Stock Trades for Thursday: T, UBER, LYFT, IWM, RH appeared first on InvestorPlace.
Luxury lifestyle retailer of home goods RH (NYSE: RH ) reported second-quarter results that came in above management's own pre-announcement in July. BofA: Another Beat And Raise RH reported a typical beat ...
Home-furnishings retailer RH once again defied the retail gloom and U.S.-China tariffs to post better-than-expected second quarter earnings.
Restoration Hardware (RH) delivered earnings and revenue surprises of 18.52% and 1.22%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
RH, the premium furniture chain once known as Restoration Hardware, reported Q2 earnings after the close today, with investors seeking more momentum out of the stock.
Shares of RH rose more than 6% in the extended session Tuesday as the retailer formerly known as Restoration Hardware beat expectations for its fiscal 2019 second quarter and raised its guidance for the year for the third time. RH said it earned $64 million, or $2.86 a share, in the quarter, compared with $63 million, or $2.29 a share, in the year-ago period. Adjusted for one-time items, the company earned $71 million, or $3.20 a share, compared with $55 million, or $2.01 a share, a year ago. Revenue rose 10% to $707 million, the company said. Analysts polled by FactSet had expected adjusted earnings of $2.69 a share on sales of $697 million. RH said it expects fiscal 2019 revenue between $2.680 billion and $2.694 billion, compared with a previous expectation of revenue between $2.658 billion and $2.674 billion. It called for an adjusted EPS between $10.53 and $10.76 for the year, versus a previous guidance of EPS between $9.08 and $9.52. The shares ended the regular trading day up 3.5%.