Brokers Set Expectations for Restoration Hardware Holdings Inc.’s Q3 2018 Earnings (RH)
Restoration Hardware Holdings Inc. (NYSE:RH) – Equities researchers at William Blair raised their Q3 2018 earnings per share (EPS) estimates for Restoration Hardware Holdings in a research note issued to investors on Wednesday. William Blair analyst D. Hofkin now forecasts that the company will earn $0.77 per share for the quarter, up from their previous forecast of $0.76. William Blair also issued estimates for Restoration Hardware Holdings’ FY2018 earnings at $2.60 EPS, Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.97 EPS, Q4 2019 earnings at $1.60 EPS and FY2019 earnings at $3.55 EPS.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. Restoration Hardware Holdings’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/brokers-set-expectations-for-restoration-hardware-holdings-inc-s-q3-2018-earnings-rh/1626224.html.
Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank AG cut shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Friday, July 21st. Bank of America Corporation initiated coverage on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. They issued an “underperform” rating and a $54.00 target price for the company. Zacks Investment Research raised shares of Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and boosted their target price for the company from $63.00 to $76.00 in a research report on Monday, July 24th. Finally, Piper Jaffray Companies boosted their target price on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Restoration Hardware Holdings has a consensus rating of “Hold” and an average target price of $61.33.
Restoration Hardware Holdings (NYSE:RH) traded up 0.08% during mid-day trading on Thursday, hitting $77.31. 682,731 shares of the company traded hands. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4068.95 and a beta of 1.62. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The company’s 50-day moving average is $65.17 and its 200-day moving average is $58.20.
A number of large investors have recently added to or reduced their stakes in RH. Swiss National Bank increased its position in Restoration Hardware Holdings by 2.9% during the 1st quarter. Swiss National Bank now owns 60,130 shares of the company’s stock valued at $2,782,000 after purchasing an additional 1,700 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Restoration Hardware Holdings by 137.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 19,279 shares of the company’s stock worth $892,000 after buying an additional 11,173 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Restoration Hardware Holdings during the 1st quarter worth approximately $338,000. Sei Investments Co. boosted its holdings in shares of Restoration Hardware Holdings by 36.7% during the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Restoration Hardware Holdings during the 1st quarter worth approximately $155,000. 95.71% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Gary G. Friedman acquired 13,959 shares of the stock in a transaction dated Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the purchase, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman acquired 14,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was purchased at an average cost of $70.94 per share, with a total value of $993,160.00. Following the purchase, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.
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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