Restoration Hardware Holdings Inc. Forecasted to Earn Q3 2018 Earnings of $0.74 Per Share (RH)
Restoration Hardware Holdings Inc. (NYSE:RH) – Equities research analysts at Oppenheimer Holdings issued their Q3 2018 earnings per share (EPS) estimates for Restoration Hardware Holdings in a research note issued on Thursday. Oppenheimer Holdings analyst B. Nagel expects that the company will earn $0.74 per share for the quarter. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Restoration Hardware Holdings’ Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $3.25 EPS.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data 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 business had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS.
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RH has been the subject of a number of other research reports. Loop Capital restated a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. KeyCorp restated a “sector weight” rating on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. BidaskClub cut shares of Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Citigroup Inc. restated a “buy” rating and set a $52.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a research report on Monday, June 5th. Finally, Bank of America Corporation restated an “underperform” rating and set a $44.00 target price (down previously from $54.00) on shares of Restoration Hardware Holdings in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $59.55.
Restoration Hardware Holdings (RH) traded up 2.63% during mid-day trading on Monday, reaching $73.03. 948,308 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.42 billion, a PE ratio of 191.18 and a beta of 1.53. The firm’s 50-day moving average is $56.72 and its 200 day moving average is $52.15. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $79.91.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. BlackRock Inc. grew its stake in Restoration Hardware Holdings by 18,735.0% during the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after buying an additional 4,655,842 shares during the period. Vanguard Group Inc. grew its stake in Restoration Hardware Holdings by 14.5% during the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after buying an additional 423,925 shares during the period. Credit Suisse AG purchased a new stake in Restoration Hardware Holdings during the first quarter worth approximately $15,995,000. Ameriprise Financial Inc. grew its stake in Restoration Hardware Holdings by 144.9% during the first quarter. Ameriprise Financial Inc. now owns 580,199 shares of the company’s stock worth $26,840,000 after buying an additional 343,334 shares during the period. Finally, Chescapmanager LLC purchased a new stake in Restoration Hardware Holdings during the first quarter worth approximately $13,230,000. Institutional investors 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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