Restoration Hardware Holdings Inc. (NYSE:RH) received a $60.00 target price from research analysts at Robert W. Baird in a report released on Friday. The brokerage currently has a “hold” rating on the stock. Robert W. Baird’s price objective would indicate a potential downside of 25.07% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies lifted their price objective on Restoration Hardware Holdings from $43.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. Citigroup Inc. cut Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $76.00 in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Finally, Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.42.

Shares of Restoration Hardware Holdings (RH) traded up 3.990% during trading on Friday, reaching $83.275. 197,985 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $67.67 and a 200 day moving average price of $58.91. The company has a market capitalization of $1.76 billion, a P/E ratio of 4382.895 and a beta of 1.61. Restoration Hardware Holdings has a 12-month low of $24.41 and a 12-month high of $83.57.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to analysts’ expectations of $606.38 million. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. Equities analysts expect that Restoration Hardware Holdings will post $2.60 EPS for the current fiscal year.

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In other news, CEO Gary G. Friedman purchased 13,959 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the transaction, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman purchased 14,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the transaction, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Flinton Capital Management LLC increased its position in Restoration Hardware Holdings by 41.4% during the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after buying an additional 464 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares during the period. Sei Investments Co. increased its holdings in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after purchasing an additional 730 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Restoration Hardware Holdings in the first quarter valued at approximately $155,000. 95.71% of the stock is currently owned by institutional investors.

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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