Shares of Restoration Hardware Holdings Inc. (NYSE:RH) have earned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $59.42.

RH has been the topic of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating and set a $56.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a report on Friday, June 2nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $45.00 target price (down previously from $50.00) on shares of Restoration Hardware Holdings in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $44.00 target price (down previously from $50.00) on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. UBS AG reaffirmed a “neutral” rating and set a $45.00 target price on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd.

Shares of Restoration Hardware Holdings (NYSE RH) traded down 1.10% during midday trading on Wednesday, reaching $70.32. The company’s stock had a trading volume of 1,096,360 shares. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $79.91. The company’s 50-day moving average price is $56.93 and its 200 day moving average price is $53.93. The firm has a market capitalization of $1.49 billion, a PE ratio of 3701.05 and a beta of 1.53.

Restoration Hardware Holdings (NYSE:RH) last released its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. The firm had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts forecast that Restoration Hardware Holdings will post $2.59 earnings per share for the current year.

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In other news, CEO Gary G. Friedman purchased 13,959 shares of the stock in a transaction dated Tuesday, September 26th. The shares were bought at an average cost of $71.64 per share, for a total transaction of $1,000,022.76. Following the transaction, the chief executive officer now owns 2,235,410 shares in the company, valued at $160,144,772.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary G. Friedman purchased 14,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, the chief executive officer now owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of RH. BlackRock Inc. increased its position in shares of Restoration Hardware Holdings by 18,735.0% during the 1st quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock valued at $216,529,000 after purchasing an additional 4,655,842 shares during the period. Vanguard Group Inc. increased its position in shares of Restoration Hardware Holdings by 14.5% during the 1st quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after purchasing an additional 423,925 shares during the period. Credit Suisse AG acquired a new position in shares of Restoration Hardware Holdings during the 1st quarter valued at $15,995,000. Chescapmanager LLC acquired a new position in shares of Restoration Hardware Holdings during the 1st quarter valued at $13,230,000. Finally, Principal Financial Group Inc. increased its position in shares of Restoration Hardware Holdings by 102.4% during the 1st quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock valued at $13,671,000 after purchasing an additional 149,509 shares during the period. Institutional investors own 95.71% of the company’s stock.

Restoration Hardware Holdings Company Profile

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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