Restoration Hardware (NYSE:RH) Earns Neutral Rating from Analysts at Goldman Sachs Group

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Goldman Sachs Group initiated coverage on shares of Restoration Hardware (NYSE:RH) in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $129.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Wedbush upped their price objective on shares of Progress Software from $36.00 to $42.00 and gave the company a neutral rating in a research note on Friday, March 29th. Wolfe Research downgraded shares of Restoration Hardware from an outperform rating to a market perform rating in a research note on Monday, April 1st. Stifel Nicolaus restated a buy rating on shares of Esperion Therapeutics in a research note on Thursday, June 13th. Loop Capital upped their price objective on shares of Bed Bath & Beyond to $16.00 and gave the company an average rating in a research note on Friday, March 29th. Finally, Deutsche Bank upped their price objective on shares of Welltower from $61.00 to $71.00 and gave the company a hold rating in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Restoration Hardware has a consensus rating of Hold and an average target price of $138.03.

NYSE RH opened at $122.25 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.81 and a debt-to-equity ratio of 26.22. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $162.10. The firm has a market capitalization of $2.22 billion, a P/E ratio of 14.31, a PEG ratio of 1.42 and a beta of 1.78. The company has a fifty day moving average of $105.56.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.31. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The company had revenue of $598.42 million during the quarter, compared to the consensus estimate of $583.69 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Restoration Hardware’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 9.04 earnings per share for the current year.

A hedge fund recently raised its stake in Restoration Hardware stock. Mason Street Advisors LLC increased its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,996 shares of the company’s stock after purchasing an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 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, bathware, 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.

Read More: Understanding debt-to-equity ratio in fundamental analysis

Analyst Recommendations for Restoration Hardware (NYSE:RH)

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