Equities researchers at Goldman Sachs Group initiated coverage on shares of Restoration Hardware (NYSE:RH) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $129.00 price target on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 5.52% from the stock’s current price.

A number of other research firms have also issued reports on RH. Evercore ISI started coverage on Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price objective for the company. Wells Fargo & Co set a $32.00 price objective on Farfetch and gave the company a “buy” rating in a research report on Wednesday, June 12th. Raymond James started coverage on Tradeweb Markets in a research report on Monday, June 17th. They set a “market perform” rating and a $41.82 price objective for the company. Wolfe Research lowered Restoration Hardware from an “outperform” rating to a “market perform” rating in a research report on Monday, April 1st. Finally, Loop Capital boosted their price objective on Bed Bath & Beyond to $16.00 and gave the company an “average” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $138.03.

NYSE:RH opened at $122.25 on Thursday. Restoration Hardware has a 12-month low of $84.11 and a 12-month high of $162.10. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.42 and a beta of 1.78. The company has a quick ratio of 0.29, a current ratio of 0.81 and a debt-to-equity ratio of 26.22. The firm’s 50 day moving average is $105.56.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.31. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. The business had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Restoration Hardware will post 9.04 EPS for the current fiscal year.

A hedge fund recently raised its stake in Restoration Hardware stock. Mason Street Advisors LLC raised its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,996 shares of the company’s stock after acquiring an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 as of its most recent SEC filing.

About Restoration Hardware

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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