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.

In other news, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the transaction, the director now owns 1,917 shares in the company, valued at $277,965. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 6,000 shares of company stock worth $900,000. 36.40% of the stock is owned by company insiders.

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, 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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Earnings History for Restoration Hardware (NYSE:RH)

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