Restoration Hardware (NYSE:RH) Releases Q4 2019 Earnings Guidance

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Restoration Hardware (NYSE:RH) updated its fourth quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.33-3.45 for the period. The company issued revenue guidance of $703-711 million.Restoration Hardware also updated its FY 2019 guidance to $10.53-10.76 EPS.

A number of brokerages have weighed in on RH. Zacks Investment Research raised Restoration Hardware from a sell rating to a hold rating and set a $115.00 price objective on the stock in a report on Friday, June 14th. Telsey Advisory Group lifted their price objective on Restoration Hardware from $140.00 to $175.00 and gave the company a market perform rating in a report on Wednesday. Cowen reaffirmed a hold rating and issued a $120.00 price objective on shares of Restoration Hardware in a report on Tuesday, June 18th. UBS Group lifted their price objective on Restoration Hardware from $138.00 to $160.00 and gave the company a neutral rating in a report on Wednesday. Finally, ValuEngine raised Restoration Hardware from a sell rating to a hold rating in a research note on Tuesday, July 16th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $157.86.

Shares of RH opened at $169.12 on Friday. The stock has a fifty day moving average of $140.80 and a two-hundred day moving average of $121.31. The company has a market capitalization of $2.95 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.77. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $173.20.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 301.40%. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. As a group, research analysts anticipate that Restoration Hardware will post 10.65 earnings per share for the current year.

In related news, CAO Glenda M. Citragno sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief accounting officer now directly owns 2,650 shares of the company’s stock, valued at approximately $410,750. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 6,000 shares of company stock valued at $900,000. 36.40% of the stock is owned by corporate insiders.

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 and Estimates for Restoration Hardware (NYSE:RH)

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