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

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, décor, 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 analysts have also recently issued reports on the stock. Goldman Sachs Group Inc. upgraded shares of Restoration Hardware Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $40.00 in a research report on Thursday, August 18th. Vetr upgraded shares of Restoration Hardware Holdings from a “sell” rating to a “hold” rating and set a $31.09 target price on the stock in a research report on Tuesday, August 16th. Nomura restated a “buy” rating and set a $60.00 target price on shares of Restoration Hardware Holdings in a research report on Wednesday, August 10th. Deutsche Bank AG upped their target price on shares of Restoration Hardware Holdings from $28.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, September 9th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research report on Sunday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.03.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

Shares of Restoration Hardware Holdings (NYSE:RH) opened at 37.25 on Wednesday. The company has a market capitalization of $1.52 billion, a PE ratio of 32.39 and a beta of 1.51. The firm’s 50-day moving average price is $31.30 and its 200 day moving average price is $31.44. Restoration Hardware Holdings has a 52-week low of $24.75 and a 52-week high of $94.88.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. The firm had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. On average, equities analysts forecast that Restoration Hardware Holdings will post $1.65 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Advantus Capital Management Inc purchased a new stake in shares of Restoration Hardware Holdings during the second quarter valued at $131,000. Advisory Services Network LLC increased 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 valued at $147,000 after buying an additional 300 shares during the period. Advisor Group Inc. purchased a new stake in shares of Restoration Hardware Holdings during the second quarter valued at $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 valued at $150,000 after buying an additional 528 shares during the period. Finally, 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 valued at $167,000 after buying an additional 1,826 shares during the period.

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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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