Restoration Hardware (NYSE:RH) Issues Q3 2019 Earnings Guidance

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Restoration Hardware (NYSE:RH) issued an update on its third quarter 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82. The company issued revenue guidance of $672-678 million, compared to the consensus revenue estimate of $669.75 million.Restoration Hardware also updated its FY 2019 guidance to $10.53-10.76 EPS.

Shares of NYSE RH opened at $169.12 on Friday. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $173.20. The stock has a market capitalization of $2.95 billion, a P/E ratio of 19.80, a PEG ratio of 1.35 and a beta of 1.77. The stock’s fifty day moving average is $140.80 and its 200 day moving average is $121.31.

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

RH has been the topic of a number of recent analyst reports. Wells Fargo & Co restated an outperform rating and issued a $175.00 price target (up previously from $150.00) on shares of Restoration Hardware in a research report on Wednesday. Loop Capital lifted their target price on Restoration Hardware to $180.00 and gave the company a buy rating in a research report on Wednesday. They noted that the move was a valuation call. Citigroup lifted their target price on Restoration Hardware from $148.00 to $163.00 and gave the company a buy rating in a research report on Tuesday, July 30th. Stifel Nicolaus lifted their target price on Restoration Hardware from $153.00 to $196.00 and gave the company a buy rating in a research report on Wednesday. Finally, Wedbush lifted their target price on Restoration Hardware from $160.00 to $170.00 and gave the company an outperform rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $157.86.

In related news, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the transaction, the director now directly owns 1,002 shares of the company’s stock, valued at $150,300. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 6,000 shares of company stock worth $900,000. 36.40% of the stock is owned by 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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