Stifel Nicolaus Begins Coverage on Restoration Hardware Holdings Inc. (RH)

Stock analysts at Stifel Nicolaus started coverage on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the stock.

RH has been the topic of several other research reports. Deutsche Bank AG raised Restoration Hardware Holdings from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $84.00 in a research note on Tuesday, September 26th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Restoration Hardware Holdings in a research note on Sunday, June 18th. KeyCorp reissued a “sector weight” rating on shares of Restoration Hardware Holdings in a research note on Monday, July 17th. BidaskClub cut Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Loop Capital reissued a “hold” rating and issued a $45.00 price objective on shares of Restoration Hardware Holdings in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Restoration Hardware Holdings currently has a consensus rating of “Hold” and a consensus target price of $61.33.

Restoration Hardware Holdings (RH) traded down 0.06% on Thursday, hitting $77.20. The stock had a trading volume of 1,389,396 shares. The stock’s 50-day moving average is $65.17 and its 200 day moving average is $58.20. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 4063.16 and a beta of 1.62. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $79.91.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Restoration Hardware Holdings will post $2.60 earnings per share for the current fiscal year.

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In other Restoration Hardware Holdings news, CEO Gary G. Friedman acquired 13,959 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was purchased at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman acquired 14,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in Restoration Hardware Holdings by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares during the last quarter. Sei Investments Co. raised its stake in Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after acquiring an additional 730 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Restoration Hardware Holdings in the 1st quarter worth $155,000. Institutional investors own 95.71% of the company’s stock.

Restoration Hardware Holdings Company Profile

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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