A number of research firms have changed their ratings and price targets for Restoration Hardware (NYSE: RH):

  • 12/8/2017 – Restoration Hardware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $120.00 price target on the stock. According to Zacks, “RH’s third-quarter earnings per share were in line with the Zacks Consensus Estimate while revenues missed the same. However, the company reported strong earnings despite the adverse effect of hurricanes Harvey and Irma, increasing more than 400% year over year. Total revenues increased 8% and comparable brand revenues rose 6% year over year. Adjusted operating margin expanded 480 bps and adjusted gross margin improved 460 bps to 34.1%. The new membership model (RH Members Program) is improving its brand image, streamlining operations and enhancing customer experience. Also, efforts to redesign its supply chain network and rationalize product offerings bode well.”
  • 12/7/2017 – Restoration Hardware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “RH’s third-quarter earnings per share were in line with the Zacks Consensus Estimate while revenues beat the same. The company reported strong earnings despite the adverse effect of hurricanes Harvey and Irma, increasing more than 400% year over year. Total revenues increased 8% and comparable brand revenues rose 6% year over year. Adjusted operating margin expanded 480 bps and adjusted gross margin improved 460 bps to 34.1%. The new membership model (RH Members Program) is improving its brand image, streamlining operations and enhancing customer experience. Also, efforts to redesign its supply chain network and rationalize product offerings bode well.”
  • 12/6/2017 – Restoration Hardware had its price target lowered by analysts at Stifel Nicolaus from $100.00 to $75.00. They now have a “hold” rating on the stock.
  • 12/6/2017 – Restoration Hardware had its price target raised by analysts at Citigroup Inc. from $1.37 to $135.00. They now have a “buy” rating on the stock.
  • 12/6/2017 – Restoration Hardware had its price target raised by analysts at Barclays PLC from $65.00 to $120.00. They now have an “equal weight” rating on the stock.
  • 12/4/2017 – Restoration Hardware is now covered by analysts at Moffett Nathanson. They set a “neutral” rating on the stock.
  • 11/26/2017 – Restoration Hardware was upgraded by analysts at Citigroup Inc. to a “buy” rating.
  • 11/22/2017 – Restoration Hardware had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $115.00 price target on the stock.
  • 11/20/2017 – Restoration Hardware had its price target raised by analysts at Bank of America Corp from $50.00 to $60.00. They now have an “underperform” rating on the stock.
  • 11/20/2017 – Restoration Hardware was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “RH’s shares have gained over 100% year to date, compared to the its industry’s 2.4% growth. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2017 and beyond. However, incremental outlet activity dented overall gross margins by approximately 330 basis points in the first half. Also, higher dependence on imports makes it vulnerable to uncertain macro conditions.”
  • 11/17/2017 – Restoration Hardware had its price target raised by analysts at Loop Capital to $101.00. They now have a “hold” rating on the stock.
  • 11/16/2017 – Restoration Hardware had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group.
  • 11/16/2017 – Restoration Hardware had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 11/16/2017 – Restoration Hardware was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating.
  • 11/15/2017 – Restoration Hardware was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “RH’s shares have gained over 100% year to date, compared to the its industry’s 1.8% growth. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2017 and beyond. However, incremental outlet activity dented overall gross margins by approximately 330 basis points in the first half. Also, higher dependence on imports makes it vulnerable to uncertain macro conditions.”
  • 11/15/2017 – Restoration Hardware had its “buy” rating reaffirmed by analysts at Buckingham Research.
  • 11/14/2017 – Restoration Hardware had its price target raised by analysts at Deutsche Bank AG from $100.00 to $100.00. They now have a “buy” rating on the stock.

Restoration Hardware Holdings Inc. (NYSE:RH) traded up $4.40 during trading hours on Monday, hitting $104.03. 981,039 shares of the company’s stock traded hands, compared to its average volume of 1,955,266. The firm has a market capitalization of $2,123.12, a P/E ratio of 41.17, a P/E/G ratio of 0.99 and a beta of 1.71. Restoration Hardware Holdings Inc. has a 12-month low of $24.41 and a 12-month high of $109.53. The company has a debt-to-equity ratio of -48.40, a quick ratio of 0.28 and a current ratio of 1.47.

Restoration Hardware (NYSE:RH) last announced its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.04. The company had revenue of $592.50 million during the quarter, compared to analysts’ expectations of $592.46 million. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. Restoration Hardware’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 earnings per share. equities research analysts expect that Restoration Hardware Holdings Inc. will post 2.92 earnings per share for the current year.

In other Restoration Hardware news, CEO Gary G. Friedman bought 13,959 shares of Restoration Hardware stock in a transaction dated Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the transaction, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Boone sold 22,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $99.60, for a total transaction of $2,191,200.00. Following the completion of the sale, the insider now directly owns 25,430 shares of the company’s stock, valued at approximately $2,532,828. The disclosure for this sale can be found here. Insiders own 18.80% of the company’s stock.

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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