Vetr Inc. Lowers Restoration Hardware Holdings Inc. (RH) to Buy
Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday. They currently have a $36.50 price target on the stock. Vetr‘s price target points to a potential upside of 5.55% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Cowen and Company lowered their price target on shares of Restoration Hardware Holdings to $35.00 in a report on Thursday, June 9th. Nomura reiterated a “buy” rating and set a $60.00 price target (down from $75.00) on shares of Restoration Hardware Holdings in a report on Thursday, June 9th. Goldman Sachs Group Inc. upgraded shares of Restoration Hardware Holdings from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $40.00 in a report on Thursday, August 18th. Barclays PLC reiterated a “hold” rating and set a $50.00 price target on shares of Restoration Hardware Holdings in a report on Friday, June 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $35.00 price target (down from $50.00) on shares of Restoration Hardware Holdings in a report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average price target of $47.03.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 34.58 on Monday. The company’s 50-day moving average is $33.63 and its 200 day moving average is $34.23. The stock has a market capitalization of $1.41 billion, a P/E ratio of 30.07 and a beta of 1.43. 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 issued its quarterly earnings results on Thursday, September 8th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. The business earned $543.40 million during the quarter, compared to the consensus estimate of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts forecast that Restoration Hardware Holdings will post $1.65 EPS for the current fiscal year.
In related news, CEO Gary G. Friedman purchased 32,918 shares of the company’s stock in a transaction that occurred 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 purchase, the chief executive officer now owns 2,207,451 shares in the company, valued at $60,903,573.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of RH. Carlton Hofferkamp & Jenks Wealth Management LLC raised its stake in shares of Restoration Hardware Holdings by 4.7% in the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 25,389 shares of the company’s stock worth $728,000 after buying an additional 1,135 shares during the period. Douglass Winthrop Advisors LLC bought a new stake in shares of Restoration Hardware Holdings during the second quarter worth about $373,000. Factory Mutual Insurance Co. raised its stake in shares of Restoration Hardware Holdings by 27.5% in the second quarter. Factory Mutual Insurance Co. now owns 231,900 shares of the company’s stock worth $6,651,000 after buying an additional 50,000 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $1,018,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $1,661,000. Institutional investors and hedge funds own 98.58% of the company’s stock.
Restoration Hardware Holdings Company Profile
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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