Restoration Hardware (RH) Issues Q1 2019 Earnings Guidance
Restoration Hardware (NYSE:RH) updated its first quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $1.58-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $582-588 million, compared to the consensus revenue estimate of $609.69 million.Restoration Hardware also updated its FY 2019 guidance to $8.41-9.08 EPS.
Several equities analysts have recently issued reports on the company. Evercore ISI assumed coverage on Restoration Hardware in a research report on Wednesday, March 20th. They issued an in-line rating and a $145.00 price target for the company. Wedbush reaffirmed an outperform rating and issued a $160.00 price target (up previously from $145.00) on shares of Restoration Hardware in a research report on Tuesday, December 4th. Wells Fargo & Co reiterated a buy rating and issued a $175.00 price objective on shares of Restoration Hardware in a report on Thursday, March 21st. ValuEngine downgraded Restoration Hardware from a hold rating to a sell rating in a report on Friday, December 21st. Finally, Zacks Investment Research downgraded Restoration Hardware from a buy rating to a hold rating in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $155.56.
Shares of RH stock traded up $2.53 during trading hours on Thursday, reaching $131.93. 2,414,982 shares of the company traded hands, compared to its average volume of 838,791. Restoration Hardware has a 12-month low of $84.19 and a 12-month high of $164.49. The company has a quick ratio of 0.15, a current ratio of 0.80 and a debt-to-equity ratio of 26.22. The stock has a market cap of $2.78 billion, a P/E ratio of 43.26, a PEG ratio of 0.75 and a beta of 1.60.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, 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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