Restoration Hardware (NYSE:RH) Releases Earnings Results, Beats Expectations By $0.50 EPS

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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 hedge funds have recently made changes to their positions in the business. Mason Street Advisors LLC boosted its stake in Restoration Hardware by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock worth $617,000 after buying an additional 198 shares during the period. Tiverton Asset Management LLC purchased a new position in shares of Restoration Hardware in the second quarter valued at approximately $56,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Restoration Hardware in the second quarter valued at approximately $62,000.

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, 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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Earnings History for Restoration Hardware (NYSE:RH)

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