Restoration Hardware Holdings Inc. (RH) Raised to Neutral at Buckingham Research
Restoration Hardware Holdings Inc. (NYSE:RH) was upgraded by analysts at Buckingham Research to a “neutral” rating in a report issued on Friday.
Other equities research analysts also recently issued research reports about the company. Nomura restated a “buy” rating and issued a $60.00 target price (down previously from $75.00) on shares of Restoration Hardware Holdings in a research report on Thursday, June 9th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $46.00) on shares of Restoration Hardware Holdings in a report on Thursday, June 9th. Vetr upgraded Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $36.50 price objective on the stock in a report on Thursday, September 15th. Deutsche Bank AG downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $35.00 in a report on Thursday, June 9th. Finally, Cowen and Company cut their price objective on Restoration Hardware Holdings to $35.00 in a report on Thursday, June 9th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Restoration Hardware Holdings presently has an average rating of “Hold” and a consensus target price of $47.03.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 34.21 on Friday. The company’s 50-day moving average price is $33.97 and its 200-day moving average price is $34.12. The company has a market cap of $1.39 billion, a P/E ratio of 29.75 and a beta of 1.42. Restoration Hardware Holdings has a 12 month low of $24.75 and a 12 month high of $106.49.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Thursday, September 8th. The company reported $0.44 EPS for the quarter, beating the Zacks’ 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 company had revenue of $543.40 million for the quarter, compared to the consensus estimate of $511.80 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Restoration Hardware Holdings will post $1.65 EPS for the current fiscal year.
In other news, CEO Gary G. Friedman bought 32,918 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was purchased at an average cost of $27.59 per share, with a total value of $908,207.62. Following the transaction, the chief executive officer now directly 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 accessible through the SEC website. 16.40% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in RH. Advantus Capital Management Inc purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth about $131,000. Advisor Group Inc. bought a new stake in Restoration Hardware Holdings during the second quarter worth $148,000. Teacher Retirement System of Texas boosted its stake in 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 last quarter. IFP Advisors Inc boosted its stake in 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 last quarter. Finally, Northwestern Mutual Investment Management Company LLC bought a new stake in Restoration Hardware Holdings during the second quarter worth $187,000. 98.58% of the stock is owned by hedge funds and other institutional investors.
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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