Analysts Expect Restoration Hardware Holdings, Inc (RH) Will Announce Quarterly Sales of $694.11 Million

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Wall Street analysts expect Restoration Hardware Holdings, Inc (NYSE:RH) to announce $694.11 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Restoration Hardware’s earnings, with estimates ranging from $682.29 million to $750.94 million. Restoration Hardware posted sales of $670.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The firm is expected to report its next quarterly earnings report on Tuesday, March 26th.

On average, analysts expect that Restoration Hardware will report full year sales of $2.56 billion for the current fiscal year, with estimates ranging from $2.52 billion to $2.76 billion. For the next year, analysts expect that the firm will post sales of $2.75 billion, with estimates ranging from $2.68 billion to $2.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Restoration Hardware.

Restoration Hardware (NYSE:RH) last posted its earnings results on Monday, December 3rd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.46. Restoration Hardware had a net margin of 4.58% and a return on equity of 404.46%. The business had revenue of $636.60 million during the quarter, compared to the consensus estimate of $632.25 million. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm’s revenue was up 7.4% on a year-over-year basis.

RH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Restoration Hardware to $180.00 in a research report on Tuesday. They noted that the move was a valuation call. Gordon Haskett upgraded shares of Restoration Hardware from a “hold” rating to an “accumulate” rating and dropped their price target for the stock from $135.00 to $58.00 in a research note on Tuesday, August 28th. Loop Capital lifted their price target on shares of Restoration Hardware to $200.00 and gave the stock an “average” rating in a research note on Tuesday. Stifel Nicolaus upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and lifted their price target for the stock from $142.00 to $150.00 in a research note on Friday, October 12th. Finally, Zacks Investment Research upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $152.28.

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

An institutional investor recently raised its position in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,238 shares of the company’s stock after buying an additional 3,403 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Restoration Hardware worth $2,408,000 at the end of the most recent quarter.

NYSE:RH opened at $137.01 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.80 and a debt-to-equity ratio of 26.22. Restoration Hardware has a 12 month low of $74.50 and a 12 month high of $164.49. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 0.81 and a beta of 2.04.

Restoration Hardware Company Profile

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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