Restoration Hardware (RH) PT Lowered to $75.00

Restoration Hardware (NYSE:RH) had its target price lowered by stock analysts at Stifel Nicolaus from $100.00 to $75.00 in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential downside of 28.61% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Bank of America lifted their target price on shares of Restoration Hardware from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Thursday, September 7th. Buckingham Research raised shares of Restoration Hardware from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $88.00 in a report on Thursday, September 7th. Deutsche Bank raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $84.00 in a report on Tuesday, September 26th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $95.00 price target (up previously from $75.00) on shares of Restoration Hardware in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $79.07.

Restoration Hardware (NYSE:RH) traded down $0.72 during trading on Wednesday, hitting $105.06. 1,375,260 shares of the company’s stock traded hands, compared to its average volume of 1,475,096. Restoration Hardware has a 1 year low of $24.41 and a 1 year high of $109.53. The company has a debt-to-equity ratio of -48.40, a quick ratio of 0.27 and a current ratio of 1.47. The company has a market cap of $2,256.51, a PE ratio of 43.76, a P/E/G ratio of 1.05 and a beta of 1.71.

Restoration Hardware (NYSE:RH) last posted its earnings results on Tuesday, December 5th. The company reported $1.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. The firm had revenue of $592.50 million for the quarter, compared to analysts’ expectations of $592.46 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. sell-side analysts expect that Restoration Hardware will post 2.92 EPS for the current fiscal year.

In other news, CEO Gary G. Friedman purchased 13,959 shares of Restoration Hardware stock in a transaction dated Tuesday, September 26th. The stock was purchased at an average cost of $71.64 per share, for a total transaction of $1,000,022.76. Following the transaction, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Teachers Advisors LLC purchased a new position in Restoration Hardware in the first quarter worth $3,165,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Restoration Hardware in the third quarter worth $274,000. Public Employees Retirement System of Ohio grew its position in Restoration Hardware by 12.6% in the first 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 in the last quarter. Riverhead Capital Management LLC grew its position in Restoration Hardware by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Restoration Hardware by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after purchasing an additional 464 shares during the last quarter. Institutional investors own 95.71% of the company’s stock.

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Restoration Hardware 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 (NYSE:RH)

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