Restoration Hardware Holdings Inc. (NYSE:RH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, as well as baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, California. “

Several other equities analysts have also issued reports on the company. Buckingham Research upgraded Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $30.00 to $34.00 in a research note on Friday, October 7th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Sunday, October 2nd. Vetr lowered Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $36.50 price target on the stock. in a research note on Monday, October 3rd. Deutsche Bank AG reiterated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. lifted their price target on Restoration Hardware Holdings from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.03.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

Restoration Hardware Holdings (NYSE:RH) opened at 34.69 on Tuesday. Restoration Hardware Holdings has a 52 week low of $24.75 and a 52 week high of $94.88. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 30.17 and a beta of 1.51. The stock’s 50 day moving average price is $30.93 and its 200 day moving average price is $31.96.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.44 EPS for the quarter, topping 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 firm had revenue of $543.40 million for the quarter, compared to analyst estimates of $511.80 million. During the same quarter last year, the company earned $0.85 EPS. The company’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 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in RH. Advantus Capital Management Inc acquired a new position in shares of Restoration Hardware Holdings during the second quarter worth about $131,000. Advisory Services Network LLC raised its stake in shares of Restoration Hardware Holdings by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock worth $147,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth approximately $148,000. Teacher Retirement System of Texas raised 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 last quarter. Finally, IFP Advisors Inc raised 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 last quarter.

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.

5 Day Chart for NYSE:RH

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