Restoration Hardware (NYSE:RH) had its price target increased by Bank of America from $165.00 to $175.00 in a research note released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on RH. Wells Fargo & Co reissued an outperform rating and set a $175.00 target price (up from $150.00) on shares of Restoration Hardware in a research note on Wednesday. Goldman Sachs Group began coverage on Restoration Hardware in a research note on Thursday, July 11th. They set a neutral rating and a $129.00 target price for the company. ValuEngine raised Restoration Hardware from a sell rating to a hold rating in a research note on Tuesday, July 16th. Gordon Haskett raised Restoration Hardware from a reduce rating to a hold rating and set a $86.50 target price for the company in a research note on Tuesday, June 4th. Finally, Cowen reissued a hold rating and set a $120.00 target price on shares of Restoration Hardware in a research note on Tuesday, June 18th. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $157.86.

Shares of RH stock opened at $173.63 on Wednesday. The stock has a market cap of $3.23 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.77. The stock has a 50-day moving average of $141.69 and a 200-day moving average of $121.44. Restoration Hardware has a one year low of $84.11 and a one year high of $174.41.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.50. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. Analysts anticipate that Restoration Hardware will post 10.68 EPS for the current year.

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the director now directly owns 1,917 shares of the company’s stock, valued at approximately $277,965. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,000 shares of company stock valued at $900,000 over the last ninety days. Company insiders own 36.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of RH. Griffin Asset Management Inc. bought a new position in shares of Restoration Hardware during the 2nd quarter worth approximately $62,000. Tiverton Asset Management LLC bought a new position in shares of Restoration Hardware during the 2nd quarter worth approximately $56,000. Finally, Mason Street Advisors LLC grew its stake in shares of Restoration Hardware by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock worth $617,000 after acquiring an additional 198 shares in the last quarter.

Restoration Hardware Company Profile

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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