Vetr upgraded shares of Restoration Hardware Holdings Inc. (NYSE:RH) from a buy rating to a strong-buy rating in a report published on Monday. The brokerage currently has $36.50 price objective on the stock.
Several other brokerages have also commented on RH. Deutsche Bank AG raised their price objective on shares of Restoration Hardware Holdings from $28.00 to $40.00 and gave the stock a hold rating in a report on Friday, September 9th. Nomura restated a buy rating and issued a $60.00 price objective on shares of Restoration Hardware Holdings in a report on Wednesday, August 10th. Goldman Sachs Group Inc. lowered their price objective on shares of Restoration Hardware Holdings from $45.00 to $37.00 and set a neutral rating for the company in a report on Thursday, June 9th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Restoration Hardware Holdings in a report on Monday, June 13th. Finally, Zacks Investment Research upgraded shares of Restoration Hardware Holdings from a sell rating to a hold rating in a report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Restoration Hardware Holdings presently has a consensus rating of Hold and an average target price of $47.03.
Restoration Hardware Holdings (NYSE:RH) opened at 31.74 on Monday. Restoration Hardware Holdings has a 1-year low of $24.75 and a 1-year high of $106.49. The company’s 50-day moving average price is $33.41 and its 200-day moving average price is $34.28. The firm has a market capitalization of $1.29 billion, a P/E ratio of 27.60 and a beta of 1.43.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The company had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. Restoration Hardware Holdings had a return on equity of 9.47% and a net margin of 2.18%. Restoration Hardware Holdings’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Equities research analysts expect that Restoration Hardware Holdings will post $1.65 earnings per share for the current fiscal year.
In related news, CEO Gary G. Friedman bought 32,918 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was acquired at an average cost of $27.59 per share, for a total transaction of $908,207.62. Following the purchase, the chief executive officer now owns 2,207,451 shares in the company, valued at $60,903,573.09. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 16.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Wealthsource Partners LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth $337,000. Renaissance Technologies LLC bought a new stake in Restoration Hardware Holdings during the first quarter valued at approximately $33,864,000. State Street Corp raised its stake in Restoration Hardware Holdings by 51.3% in the first quarter. State Street Corp now owns 2,272,999 shares of the company’s stock valued at $95,239,000 after buying an additional 770,753 shares during the period. Retirement Systems of Alabama bought a new stake in Restoration Hardware Holdings during the second quarter valued at approximately $1,397,000. Finally, Adell Harriman & Carpenter Inc. raised its stake in Restoration Hardware Holdings by 22.1% in the second quarter. Adell Harriman & Carpenter Inc. now owns 7,507 shares of the company’s stock valued at $215,000 after buying an additional 1,357 shares during the period. Institutional investors and hedge funds own 98.58% of the company’s stock.
Restoration Hardware Holdings Company Profile
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
To view Vetr’s full report, visit Vetr’s official website.
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