Restoration Hardware Holdings Inc. (NYSE:RH) was upgraded by research analysts at Citigroup Inc. to a “buy” rating in a research report issued to clients and investors on Sunday.

RH has been the subject of a number of other reports. Zacks Investment Research downgraded Restoration Hardware from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub lowered Restoration Hardware from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Deutsche Bank AG increased their price objective on Restoration Hardware from $100.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Loop Capital increased their price objective on Restoration Hardware from $55.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, October 11th. Finally, Guggenheim reissued a “buy” rating and set a $95.00 price objective (up from $75.00) on shares of Restoration Hardware in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Restoration Hardware currently has a consensus rating of “Hold” and an average target price of $72.91.

Shares of Restoration Hardware (NYSE RH) opened at $99.16 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72. The company has a market capitalization of $2,097.43, a P/E ratio of 63.16, a P/E/G ratio of 1.21 and a beta of 1.68. Restoration Hardware has a 52-week low of $24.41 and a 52-week high of $107.48.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. research analysts anticipate that Restoration Hardware will post 2.81 EPS for the current fiscal year.

In other Restoration Hardware news, CEO Gary G. Friedman acquired 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the purchase, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary G. Friedman acquired 13,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were acquired at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following 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 disclosure for this purchase can be found here. 18.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Restoration Hardware by 12.6% during the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after buying an additional 255 shares during the period. Flinton Capital Management LLC boosted its stake in Restoration Hardware 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 during the period. Riverhead Capital Management LLC boosted its stake in Restoration Hardware by 58.2% during the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after buying an additional 698 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Restoration Hardware by 24.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,440 shares of the company’s stock valued at $529,000 after buying an additional 2,240 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Restoration Hardware during the third quarter valued at $274,000. 95.71% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. Upgrades Restoration Hardware Holdings Inc. (RH) to “Buy”” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/citigroup-inc-upgrades-restoration-hardware-holdings-inc-rh-to-buy/1727125.html.

Restoration Hardware 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.

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.