Restoration Hardware Holdings Inc. (RH) Given “Hold” Rating at Deutsche Bank AG
RH has been the subject of several other research reports. Vetr lowered Restoration Hardware Holdings from a hold rating to a sell rating and set a $29.91 target price for the company. in a research report on Monday, August 15th. Cowen and Company decreased their target price on Restoration Hardware Holdings to $35.00 in a research report on Thursday, June 9th. Zacks Investment Research raised Restoration Hardware Holdings from a sell rating to a hold rating in a research report on Wednesday, August 31st. Barclays PLC reissued a hold rating and issued a $50.00 target price on shares of Restoration Hardware Holdings in a research report on Friday, June 10th. Finally, Piper Jaffray Cos. reissued a neutral rating and issued a $32.00 target price (down previously from $46.00) on shares of Restoration Hardware Holdings in a research report 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’s stock. The stock has an average rating of Hold and an average target price of $47.03.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 33.97 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 29.54 and a beta of 1.42. The firm has a 50-day moving average price of $33.63 and a 200-day moving average price of $34.23. Restoration Hardware Holdings has a 52 week low of $24.75 and a 52 week high of $106.49.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.44 earnings per share for the quarter, topping the 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 business earned $543.40 million during the quarter, compared to analysts’ expectations of $511.80 million. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts predict that Restoration Hardware Holdings will post $1.65 earnings per share for the current year.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman bought 32,918 shares of the company’s stock in a transaction on Friday, July 15th. The stock was acquired at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the completion of the transaction, the chief executive officer now directly owns 2,207,451 shares of the company’s stock, valued at $60,903,573.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 16.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in RH. Wealthsource Partners LLC purchased a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $337,000. Renaissance Technologies LLC purchased a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $33,864,000. State Street Corp raised its stake in shares of Restoration Hardware Holdings by 51.3% in the first quarter. State Street Corp now owns 2,272,999 shares of the company’s stock worth $95,239,000 after buying an additional 770,753 shares during the last quarter. Cheyne Capital Management UK LLP raised its stake in shares of Restoration Hardware Holdings by 37.4% in the second quarter. Cheyne Capital Management UK LLP now owns 56,000 shares of the company’s stock worth $1,606,000 after buying an additional 15,250 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth about $1,397,000. Hedge funds and other 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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