Brokerages Set Restoration Hardware Holdings Inc. (RH) Price Target at $59.42
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) have been assigned a consensus rating of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $59.42.
A number of analysts have recently commented on RH shares. BidaskClub downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Barclays PLC set a $65.00 price objective on shares of Restoration Hardware Holdings and gave the company a “hold” rating in a research report on Sunday, July 16th. Deutsche Bank AG raised shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $84.00 in a research note on Tuesday, September 26th. Loop Capital reiterated a “hold” rating and issued a $55.00 target price on shares of Restoration Hardware Holdings in a report on Friday, September 8th. Finally, Telsey Advisory Group increased their target price on shares of Restoration Hardware Holdings from $48.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 14th.
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Shares of Restoration Hardware Holdings (NYSE:RH) traded up 1.68% during midday trading on Wednesday, reaching $71.50. 1,064,300 shares of the company were exchanged. The company’s 50-day moving average price is $56.93 and its 200 day moving average price is $53.93. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 3763.16 and a beta of 1.61. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, equities analysts predict that Restoration Hardware Holdings will post $2.59 earnings per share for the current year.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the acquisition, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Friedman acquired 13,959 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was acquired at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC raised its holdings in Restoration Hardware Holdings by 41.4% during the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the last quarter. Sei Investments Co. lifted its position in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Restoration Hardware Holdings in the first quarter worth about $155,000. 95.71% of the stock is currently owned by hedge funds and other institutional investors.
Restoration Hardware Holdings Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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