Restoration Hardware (NYSE:RH) had its price objective hoisted by analysts at Robert W. Baird from $150.00 to $168.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 1.03% from the company’s current price.

Several other brokerages also recently issued reports on RH. Citigroup upped their price objective on Restoration Hardware from $148.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. UBS Group lifted their price objective on Restoration Hardware from $138.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday. Guggenheim boosted their target price on shares of Restoration Hardware from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. Telsey Advisory Group upped their target price on shares of Restoration Hardware from $140.00 to $175.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Restoration Hardware from $153.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $156.75.

Shares of RH traded up $7.41 during mid-day trading on Wednesday, reaching $166.29. 1,593,720 shares of the company’s stock were exchanged, compared to its average volume of 637,860. Restoration Hardware has a 52-week low of $84.11 and a 52-week high of $159.04. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.30 and a beta of 1.77. The company has a 50-day simple moving average of $139.93 and a two-hundred day simple moving average of $121.20.

Restoration Hardware (NYSE:RH) last posted its earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.50. The firm had revenue of $706.51 million for the quarter, compared to analyst estimates of $698.00 million. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. On average, equities research analysts predict that Restoration Hardware will post 9.43 EPS for the current fiscal year.

In other news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 1,002 shares of the company’s stock, valued at approximately $150,300. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 36.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tiverton Asset Management LLC purchased a new stake in Restoration Hardware in the second quarter valued at approximately $56,000. Griffin Asset Management Inc. acquired a new position in Restoration Hardware during the second quarter worth approximately $62,000. Finally, Mason Street Advisors LLC increased its position in Restoration Hardware by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock worth $617,000 after purchasing an additional 198 shares during the last quarter.

Restoration Hardware Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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