Restoration Hardware (NYSE:RH) Releases Quarterly Earnings Results, Beats Estimates By $0.50 EPS
Restoration Hardware (NYSE:RH) announced its quarterly earnings data on Tuesday. The company reported $3.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.50, Morningstar.com reports. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. Restoration Hardware had a negative return on equity of 301.40% and a net margin of 6.05%.
Shares of NYSE:RH opened at $169.12 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.77. The firm’s fifty day moving average is $140.80 and its 200-day moving average is $121.31. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $173.20.
RH has been the subject of several analyst reports. Guggenheim raised their price objective on Restoration Hardware from $175.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird raised their price objective on Restoration Hardware from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Investment Research upgraded Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a report on Friday, June 14th. UBS Group raised their price objective on Restoration Hardware from $138.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Goldman Sachs Group initiated coverage on Restoration Hardware in a report on Thursday, July 11th. They issued a “neutral” rating and a $129.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Restoration Hardware has a consensus rating of “Hold” and a consensus target price of $157.86.
A number of hedge funds have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new position in shares of Restoration Hardware during the second quarter valued at about $62,000. Tiverton Asset Management LLC acquired a new position in shares of Restoration Hardware during the second quarter valued at about $56,000. Finally, Mason Street Advisors LLC raised its holdings in shares of Restoration Hardware by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after purchasing an additional 198 shares during the period.
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, décor, 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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