Guggenheim analyst Steven Forbes notes that RH said in a SC 13D/A filing that its aggregate number of shares of common stock outstanding as of January 3 was 23,064,215, which leads him to believe RH has repurchased 1,545,321 shares between December 15, 2022 and January 3, which he calculates as equivalent to about $400M in shares based on the average trading price during this window. Forbes, who is "slightly raising" his EPS estimates accordingly, keeps a Buy rating and $350 price target on RH shares.
Published first on TheFly
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