Buckingham Research upgraded shares of Restoration Hardware Holdings Inc. (NYSE:RH) from an underperform rating to a neutral rating in a report published on Friday. They currently have $34.00 price target on the stock, up from their prior price target of $30.00.
A number of other brokerages have also issued reports on RH. Goldman Sachs Group Inc. boosted their target price on Restoration Hardware Holdings from $40.00 to $45.00 and gave the company a buy rating in a research report on Friday, September 9th. Nomura reissued a buy rating and issued a $60.00 target price on shares of Restoration Hardware Holdings in a research report on Friday, September 9th. Vetr lowered Restoration Hardware Holdings from a strong-buy rating to a buy rating and set a $33.54 target price on the stock. in a research report on Monday, July 4th. Oppenheimer Holdings Inc. reissued a hold rating on shares of Restoration Hardware Holdings in a research report on Sunday, October 2nd. Finally, Telsey Advisory Group boosted their target price on Restoration Hardware Holdings from $30.00 to $35.00 and gave the company a market perform rating in a research report on Thursday, September 1st. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $47.26.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 31.87 on Friday. Restoration Hardware Holdings has a 52-week low of $24.75 and a 52-week high of $106.49. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 27.71 and a beta of 1.42. The company’s 50 day moving average price is $33.97 and its 200 day moving average price is $33.99.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The firm 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 quarter in the previous year, the company earned $0.85 EPS. On average, analysts predict that Restoration Hardware Holdings will post $1.65 EPS for the current year.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman bought 32,918 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was acquired at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the completion of the purchase, the chief executive officer now owns 2,207,451 shares of the company’s stock, valued at $60,903,573.09. The acquisition was disclosed in a filing with the SEC, which is available through this link. 16.40% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in Restoration Hardware Holdings by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 12,944 shares of the company’s stock valued at $448,000 after buying an additional 260 shares in the last quarter. Addison Capital Co boosted its position in Restoration Hardware Holdings by 8.3% in the third quarter. Addison Capital Co now owns 43,467 shares of the company’s stock valued at $1,503,000 after buying an additional 3,348 shares in the last quarter. Advisory Services Network LLC boosted its position in Restoration Hardware Holdings by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock valued at $147,000 after buying an additional 300 shares in the last quarter. Telemus Capital LLC purchased a new position in Restoration Hardware Holdings during the third quarter valued at about $1,245,000. Finally, Northwestern Mutual Investment Management Company LLC purchased a new position in Restoration Hardware Holdings during the second quarter valued at about $187,000. 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.
Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.