Restoration Hardware (RH) Given New $180.00 Price Target at JPMorgan Chase & Co.

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Restoration Hardware (NYSE:RH) had its price objective lifted by JPMorgan Chase & Co. to $180.00 in a report published on Tuesday morning, The Fly reports. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently weighed in on RH. Zacks Investment Research cut Restoration Hardware from a buy rating to a hold rating in a research report on Friday, September 14th. Wells Fargo & Co restated an outperform rating and issued a $145.00 price target on shares of Restoration Hardware in a research report on Tuesday, November 27th. William Blair restated an outperform rating on shares of Restoration Hardware in a research report on Tuesday, August 14th. Loop Capital raised their price target on Restoration Hardware to $200.00 and gave the company an average rating in a research report on Tuesday. Finally, Stifel Nicolaus upgraded Restoration Hardware from a hold rating to a buy rating and raised their price target for the company from $142.00 to $150.00 in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. Restoration Hardware presently has an average rating of Buy and an average price target of $152.28.

Shares of RH stock opened at $137.01 on Tuesday. Restoration Hardware has a fifty-two week low of $74.50 and a fifty-two week high of $164.49. The firm has a market capitalization of $3.02 billion, a PE ratio of 44.92, a PEG ratio of 0.81 and a beta of 2.04. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.80 and a quick ratio of 0.17.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Monday, December 3rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.46. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. The business had revenue of $636.60 million during the quarter, compared to analysts’ expectations of $632.25 million. During the same quarter last year, the business posted $1.04 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Restoration Hardware will post 8.01 earnings per share for the current fiscal year.

In related news, CEO Gary G. Friedman acquired 7,622 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, with a total value of $999,930.18. Following the completion of the purchase, the chief executive officer now directly owns 2,253,332 shares in the company, valued at $295,614,625.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ali Rowghani sold 3,024 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total value of $392,152.32. Following the sale, the director now directly owns 6,953 shares in the company, valued at approximately $901,665.04. The disclosure for this sale can be found here. 29.70% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,238 shares of the company’s stock after acquiring an additional 3,403 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Restoration Hardware worth $2,408,000 as of its most recent SEC filing.

About Restoration Hardware

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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