Restoration Hardware (NYSE:RH) Price Target Raised to $175.00
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.
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, 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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