Restoration Hardware (NYSE:RH) issued its earnings results on Tuesday. The company reported $3.20 EPS for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.50, Morningstar.com reports. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The business had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million.
Shares of RH stock opened at $166.95 on Thursday. The firm has a market cap of $2.85 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.77. The company has a 50-day moving average of $140.80 and a two-hundred day moving average of $121.31. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $171.13.
In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the transaction, the director now owns 1,917 shares of the company’s stock, valued at $277,965. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 36.40% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of Restoration Hardware to $180.00 and gave the company a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus upped their price objective on shares of Restoration Hardware from $153.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America reissued a “buy” rating and issued a $175.00 price objective (up previously from $165.00) on shares of Restoration Hardware in a report on Wednesday. Zacks Investment Research raised shares of Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a report on Friday, June 14th. Finally, UBS Group upped their price objective on shares of Restoration Hardware from $138.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $157.86.
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, décor, 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.
Featured Article: What is a Reverse Stock Split?
Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.