A number of other analysts also recently issued reports on RH. Vetr upgraded shares of Restoration Hardware Holdings from a buy rating to a strong-buy rating and set a $36.50 price target for the company in a report on Monday, September 26th. Nomura restated a buy rating and set a $60.00 price target on shares of Restoration Hardware Holdings in a report on Wednesday, August 10th. Goldman Sachs Group Inc. cut their price target 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 research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Restoration Hardware Holdings currently has an average rating of Hold and an average price target of $47.03.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 33.97 on Friday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 29.54 and a beta of 1.42. Restoration Hardware Holdings has a one year low of $24.75 and a one year high of $106.49. The company has a 50 day moving average price of $33.63 and a 200-day moving average price of $34.23.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.15. The company earned $543.40 million during the quarter, compared to the consensus estimate of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. Restoration Hardware Holdings’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities analysts predict that Restoration Hardware Holdings will post $1.65 earnings per share for the current fiscal year.
In other news, CEO Gary G. Friedman acquired 32,918 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was acquired at an average cost of $27.59 per share, with a total value of $908,207.62. Following the transaction, the chief executive officer now owns 2,207,451 shares in the company, valued at $60,903,573.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 16.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in RH. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Restoration Hardware Holdings during the second quarter valued at about $53,369,000. BlackRock Fund Advisors raised its stake in shares of Restoration Hardware Holdings by 137.0% in the second quarter. BlackRock Fund Advisors now owns 1,926,216 shares of the company’s stock valued at $55,244,000 after buying an additional 1,113,317 shares in the last quarter. Global Thematic Partners LLC bought a new stake in shares of Restoration Hardware Holdings during the second quarter valued at approximately $30,191,000. Renaissance Technologies LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter valued at approximately $33,864,000. Finally, State Street Corp raised its stake in shares of 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 in the last quarter. 98.58% of the stock is owned by institutional investors and hedge funds.
About Restoration Hardware Holdings
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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