Restoration Hardware (NYSE:RH) Earns “Neutral” Rating from UBS Group
UBS Group restated their neutral rating on shares of Restoration Hardware (NYSE:RH) in a research note published on Thursday, The Fly reports. They currently have a $210.00 price objective on the stock.
A number of other research analysts have also recently issued reports on RH. Loop Capital cut Restoration Hardware from a buy rating to a hold rating in a research note on Wednesday, November 27th. Barclays began coverage on Restoration Hardware in a research note on Tuesday, November 12th. They issued an overweight rating and a $198.00 target price on the stock. Telsey Advisory Group raised their price target on Restoration Hardware from $175.00 to $185.00 and gave the company a market perform rating in a report on Thursday, September 19th. Wells Fargo & Co reaffirmed a buy rating and issued a $225.00 price target on shares of Restoration Hardware in a research report on Monday, November 25th. Finally, Bank of America upped their price target on shares of Restoration Hardware from $165.00 to $175.00 and gave the stock a buy rating in a research note on Wednesday, September 11th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Restoration Hardware presently has an average rating of Hold and a consensus target price of $178.86.
Shares of RH opened at $241.97 on Thursday. The stock has a market cap of $4.35 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.15 and a beta of 1.81. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $243.67. The firm’s 50-day simple moving average is $189.19 and its two-hundred day simple moving average is $147.38.
In related news, CAO Glenda M. Citragno sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the sale, the chief accounting officer now owns 2,650 shares in the company, valued at $410,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Demonty Price sold 23,900 shares of Restoration Hardware stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.27, for a total transaction of $4,093,353.00. Following the completion of the sale, the insider now directly owns 56,949 shares of the company’s stock, valued at approximately $9,753,655.23. The disclosure for this sale can be found here. Insiders sold a total of 58,790 shares of company stock valued at $10,012,127 over the last quarter. 36.40% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC purchased a new stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 487 shares of the company’s stock, valued at approximately $56,000.
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, décor, 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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