Guggenheim reaffirmed their buy rating on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a research note issued to investors on Wednesday morning. They currently have a $95.00 target price on the stock, up from their previous target price of $75.00.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Restoration Hardware Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, August 16th. Piper Jaffray Companies lifted their price target on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a neutral rating in a research note on Thursday, September 7th. Citigroup Inc. downgraded shares of Restoration Hardware Holdings from a buy rating to a neutral rating and lifted their price target for the stock from $63.00 to $76.00 in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Finally, Telsey Advisory Group lifted their price target on shares of Restoration Hardware Holdings from $48.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of Hold and a consensus price target of $60.81.

Shares of Restoration Hardware Holdings (RH) traded down 0.59% during trading on Wednesday, hitting $75.29. 673,796 shares of the company were exchanged. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $79.91. The company’s 50-day moving average price is $61.49 and its 200 day moving average price is $56.81. The stock has a market cap of $1.59 billion, a P/E ratio of 3962.63 and a beta of 1.62.

Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings results 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 analysts’ expectations of $606.38 million. During the same period last year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Restoration Hardware Holdings will post $2.59 earnings per share for the current fiscal year.

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In other Restoration Hardware Holdings news, CEO Gary G. Friedman purchased 13,959 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was acquired at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the acquisition, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary G. Friedman purchased 14,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $70.94 per share, with a total value of $993,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of RH. BlackRock Inc. boosted its holdings in shares of Restoration Hardware Holdings by 18,735.0% in the 1st quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock valued at $216,529,000 after buying an additional 4,655,842 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Restoration Hardware Holdings by 14.5% in the 1st quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after buying an additional 423,925 shares during the period. Credit Suisse AG acquired a new position in shares of Restoration Hardware Holdings in the 1st quarter valued at about $15,995,000. Chescapmanager LLC acquired a new position in shares of Restoration Hardware Holdings in the 1st quarter valued at about $13,230,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Restoration Hardware Holdings by 102.4% in the 1st quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock valued at $13,671,000 after buying an additional 149,509 shares during the period. 95.71% of the stock is owned by institutional investors and hedge funds.

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)

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