Restoration Hardware (NYSE:RH) had its target price lifted by Loop Capital to $200.00 in a research note released on Tuesday morning, The Fly reports. They currently have an average rating on the stock.
Several other brokerages have also issued reports on RH. Zacks Investment Research lowered shares of Restoration Hardware from a buy rating to a hold rating in a report on Friday, September 14th. Wells Fargo & Co restated an outperform rating and issued a $145.00 price objective on shares of Restoration Hardware in a report on Tuesday, November 27th. William Blair restated an outperform rating on shares of Restoration Hardware in a report on Tuesday, August 14th. Stifel Nicolaus upgraded shares of Restoration Hardware from a hold rating to a buy rating and boosted their price objective for the company from $142.00 to $150.00 in a report on Friday, October 12th. Finally, Gordon Haskett upgraded shares of Restoration Hardware from a hold rating to an accumulate rating and reduced their price objective for the company from $135.00 to $58.00 in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $152.28.
Shares of RH stock opened at $137.01 on Tuesday. The stock has a market cap of $3.02 billion, a PE ratio of 44.92, a PEG ratio of 0.81 and a beta of 2.04. Restoration Hardware has a twelve month low of $74.50 and a twelve month high of $164.49. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.17 and a current ratio of 0.80.
Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Monday, December 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.46. The firm had revenue of $636.60 million for the quarter, compared to analyst estimates of $632.25 million. Restoration Hardware had a net margin of 4.58% and a return on equity of 404.46%. Restoration Hardware’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. As a group, analysts forecast that Restoration Hardware will post 8.01 earnings per share for the current year.
In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the sale, the director now directly owns 6,953 shares in the company, valued at $901,665.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman purchased 7,622 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, for a total transaction of $999,930.18. Following the completion of the purchase, the chief executive officer now directly owns 2,253,332 shares of the company’s stock, valued at $295,614,625.08. The disclosure for this purchase can be found here. 29.70% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Restoration Hardware stock. Principal Financial Group Inc. increased its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,574 shares of the company’s stock after buying an additional 4,237 shares during the period. Principal Financial Group Inc. owned about 0.70% of Restoration Hardware worth $14,156,000 at the end of the most recent reporting period.
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, bath ware, 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.
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