Restoration Hardware Holdings Inc. (RH) Rating Reiterated by Loop Capital
Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “hold” rating reiterated by equities research analysts at Loop Capital in a research note issued to investors on Friday. They presently have a $55.00 price target on the stock. Loop Capital’s price objective points to a potential downside of 22.15% from the stock’s previous close.
A number of other research analysts have also recently issued reports on RH. Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Friday, July 21st. Bank of America Corporation began coverage on Restoration Hardware Holdings in a research note on Monday, July 17th. They set an “underperform” rating and a $54.00 price objective on the stock. Zacks Investment Research raised Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wolfe Research raised their price objective on Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a “peer perform” rating in a research note on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $52.00 price objective (down from $62.00) on shares of Restoration Hardware Holdings in a research note on Monday, June 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. Restoration Hardware Holdings has an average rating of “Hold” and a consensus price target of $59.55.
Shares of Restoration Hardware Holdings (RH) traded down 1.24% during midday trading on Friday, reaching $70.65. The company had a trading volume of 4,626,642 shares. The company has a market capitalization of $2.34 billion, a PE ratio of 184.95 and a beta of 1.53. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The company has a 50 day moving average of $56.88 and a 200 day moving average of $51.47. Restoration Hardware Holdings also was the target of some unusual options trading on Thursday. Stock traders bought 15,757 put options on the company. This is an increase of approximately 342% compared to the average volume of 3,563 put options.
Restoration Hardware Holdings (NYSE:RH) last released its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Analysts predict that Restoration Hardware Holdings will post $2.50 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of the business. State of New Jersey Common Pension Fund D purchased a new stake in Restoration Hardware Holdings in the first quarter worth about $2,771,000. Wells Fargo & Company MN lifted its holdings in Restoration Hardware Holdings by 9.2% in the first quarter. Wells Fargo & Company MN now owns 94,869 shares of the company’s stock worth $4,388,000 after buying an additional 7,993 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Restoration Hardware Holdings by 150.4% in the first quarter. Great West Life Assurance Co. Can now owns 52,402 shares of the company’s stock worth $2,423,000 after buying an additional 31,475 shares during the period. First Trust Advisors LP lifted its holdings in Restoration Hardware Holdings by 133.4% in the first quarter. First Trust Advisors LP now owns 78,083 shares of the company’s stock worth $3,612,000 after buying an additional 44,628 shares during the period. Finally, Swiss National Bank lifted its holdings in Restoration Hardware Holdings by 2.9% in the first quarter. Swiss National Bank now owns 60,130 shares of the company’s stock worth $2,782,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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