Restoration Hardware Holdings Inc. (RH) Receives Hold Rating from Oppenheimer Holdings Inc.
Several other brokerages have also recently issued reports on RH. Nomura restated a buy rating and set a $60.00 price objective (down previously from $75.00) on shares of Restoration Hardware Holdings in a research note on Thursday, June 9th. Cowen and Company cut their price objective on Restoration Hardware Holdings to $35.00 in a research note on Thursday, June 9th. Telsey Advisory Group cut Restoration Hardware Holdings from an outperform rating to a market perform rating and cut their price objective for the company from $49.00 to $30.00 in a research note on Thursday, June 9th. Longbow Research cut Restoration Hardware Holdings from a buy rating to a neutral rating in a research note on Thursday, June 9th. Finally, Raymond James Financial Inc. cut Restoration Hardware Holdings from a strong-buy rating to a market perform rating and set a $28.96 price objective on the stock. in a research note on Thursday, June 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of Hold and an average price target of $47.03.
Restoration Hardware Holdings (NYSE:RH) traded up 4.60% during mid-day trading on Friday, hitting $34.58. The stock had a trading volume of 3,209,571 shares. Restoration Hardware Holdings has a 12-month low of $24.75 and a 12-month high of $106.49. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 30.07 and a beta of 1.43. The company has a 50-day moving average of $33.63 and a 200-day moving average of $34.23.
Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. Restoration Hardware Holdings had a return on equity of 9.47% and a net margin of 2.18%. The firm had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Restoration Hardware Holdings’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Restoration Hardware Holdings will post $1.65 earnings per share for the current fiscal year.
In related news, CEO Gary G. Friedman acquired 32,918 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was bought at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the transaction, the chief executive officer now owns 2,207,451 shares of the company’s stock, valued at $60,903,573.09. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 16.40% of the company’s stock.
Several large investors have recently made changes to their positions in RH. Advantus Capital Management Inc bought a new stake in shares of Restoration Hardware Holdings during the second quarter worth approximately $131,000. Advisor Group Inc. bought a new stake in shares of Restoration Hardware Holdings during the second quarter worth approximately $148,000. Teacher Retirement System of Texas increased its stake in shares of Restoration Hardware Holdings by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 5,218 shares of the company’s stock worth $150,000 after buying an additional 528 shares during the period. IFP Advisors Inc increased its stake in shares of Restoration Hardware Holdings by 45.8% in the second quarter. IFP Advisors Inc now owns 5,817 shares of the company’s stock worth $167,000 after buying an additional 1,826 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in shares of Restoration Hardware Holdings during the second quarter worth approximately $187,000. Institutional investors own 98.58% of the company’s stock.
About Restoration Hardware Holdings
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
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