Several other equities research analysts have also weighed in on the stock. Deutsche Bank AG reiterated a hold rating and issued a $28.00 target price (down from $35.00) on shares of Restoration Hardware Holdings in a report on Tuesday, June 28th. Goldman Sachs Group Inc. upgraded shares of Restoration Hardware Holdings from a neutral rating to a buy rating and increased their target price for the stock from $37.00 to $40.00 in a report on Thursday, August 18th. Vetr raised shares of Restoration Hardware Holdings from a sell rating to a hold rating and set a $31.09 price objective for the company in a research report on Tuesday, August 16th. Nomura reissued a buy rating and set a $60.00 price objective on shares of Restoration Hardware Holdings in a research report on Wednesday, August 10th. Finally, Zacks Investment Research raised shares of Restoration Hardware Holdings from a sell rating to a hold rating in a research report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $47.03.
Restoration Hardware Holdings (NYSE:RH) traded up 4.60% on Friday, reaching $34.58. 3,209,571 shares of the company’s stock were exchanged. Restoration Hardware Holdings has a 12 month low of $24.75 and a 12 month high of $106.49. The firm’s 50-day moving average is $33.63 and its 200-day moving average is $34.23. The firm has a market cap of $1.41 billion, a PE ratio of 30.07 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 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 analyst estimates of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. On average, equities analysts forecast that Restoration Hardware Holdings will post $1.65 earnings per share for the current year.
In related news, CEO Gary G. Friedman bought 32,918 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was bought at an average price 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 approximately $60,903,573.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Restoration Hardware Holdings during the second quarter worth about $288,000. Douglass Winthrop Advisors LLC bought a new stake in Restoration Hardware Holdings during the second quarter worth about $373,000. Advantus Capital Management Inc bought a new stake in Restoration Hardware Holdings during the second quarter worth about $131,000. Teacher Retirement System of Texas boosted its stake in Restoration Hardware Holdings by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 5,218 shares of the company’s stock worth $150,000 after buying an additional 528 shares in the last quarter. Finally, Advisor Group Inc. bought a new stake in Restoration Hardware Holdings during the second quarter worth about $148,000. Institutional investors 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.
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