Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Restoration Hardware (RH) Share Price
Press coverage about Restoration Hardware (NYSE:RH) has trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Restoration Hardware earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.1983295215685 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Expect Restoration Hardware Holdings Inc. (RH) Will Announce Earnings of $0.96 Per Share (americanbankingnews.com)
- RH Gains on Multiple Factors: Here's Why It Can Scale Higher (finance.yahoo.com)
- Cowen and Company Reaffirms “Hold” Rating for Restoration Hardware Holdings Inc. (RH) (americanbankingnews.com)
- RH: All the Right Moves…For Now (finance.yahoo.com)
- Extreme Short-Selling Gets Even More Dangerous (bloomberg.com)
RH has been the subject of a number of research analyst reports. Loop Capital lifted their price target on shares of Restoration Hardware to $101.00 and gave the stock a “hold” rating in a research note on Friday, November 17th. Bank of America Corporation lifted their price target on shares of Restoration Hardware from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Monday, November 20th. Cowen Inc restated a “hold” rating and issued a $115.00 price target on shares of Restoration Hardware in a research note on Wednesday. Finally, Buckingham Research restated a “buy” rating on shares of Restoration Hardware in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Restoration Hardware has a consensus rating of “Hold” and a consensus target price of $72.91.
Shares of Restoration Hardware (NYSE RH) opened at $99.16 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72. Restoration Hardware has a 12 month low of $24.41 and a 12 month high of $107.48. The firm has a market cap of $2,101.87, a price-to-earnings ratio of 63.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.68.
Restoration Hardware (NYSE:RH) last released its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. equities research analysts forecast that Restoration Hardware will post 2.81 EPS for the current year.
In other Restoration Hardware news, CEO Gary G. Friedman bought 14,000 shares of the stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the purchase, the chief executive officer now directly owns 2,212,051 shares in the company, valued at $156,922,897.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman bought 13,959 shares of the stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the purchase, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.
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Restoration Hardware Company Profile
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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