Deutsche Bank AG lowered shares of Restoration Hardware Holdings Inc. (NYSE:RH) from a buy rating to a hold rating in a report published on Friday. The firm currently has $80.00 price objective on the stock.

A number of other research firms have also recently weighed in on RH. KeyCorp cut shares of Restoration Hardware Holdings to an overweight rating and set a $65.86 price objective for the company. in a report on Friday, July 14th. They noted that the move was a valuation call. Telsey Advisory Group lifted their price objective on shares of Restoration Hardware Holdings from $48.00 to $60.00 and gave the company a market perform rating in a report on Friday, July 14th. Barclays PLC set a $65.00 price objective on shares of Restoration Hardware Holdings and gave the company a hold rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Restoration Hardware Holdings from a sell rating to a hold rating in a report on Tuesday, July 18th. Finally, Guggenheim reaffirmed a buy rating and issued a $75.00 price objective (up previously from $60.00) on shares of Restoration Hardware Holdings in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $51.91.

Shares of Restoration Hardware Holdings (NYSE:RH) opened at 75.24 on Friday. The firm has a 50-day moving average price of $60.92 and a 200-day moving average price of $45.20. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 196.96 and a beta of 1.47. 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 released its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The company had revenue of $562.10 million during the quarter, compared to analysts’ expectations of $560.30 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, equities analysts anticipate that Restoration Hardware Holdings will post $2.10 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Restoration Hardware Holdings Inc. (NYSE:RH) Downgraded by Deutsche Bank AG to Hold” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/restoration-hardware-holdings-inc-nyserh-downgraded-by-deutsche-bank-ag-to-hold/1458425.html.

Restoration Hardware Holdings announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 4th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the company to buy up to 37.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in 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 valued at $106,000 after buying an additional 255 shares during the last quarter. Sei Investments Co. raised its position in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Restoration Hardware Holdings during the first quarter valued at $155,000. PNC Financial Services Group Inc. raised its position in Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after buying an additional 1,328 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Restoration Hardware Holdings during the first quarter valued at $195,000.

About Restoration Hardware Holdings

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 Holdings (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.