Restoration Hardware Holdings Inc. (NYSE:RH) – Analysts at KeyCorp raised their Q3 2018 EPS estimates for Restoration Hardware Holdings in a note issued to investors on Wednesday. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $0.78 per share for the quarter, up from their previous estimate of $0.48. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Restoration Hardware Holdings’ Q4 2018 earnings at $1.46 EPS.
Several other research analysts also recently issued reports on the stock. Deutsche Bank AG downgraded shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Friday, July 21st. BidaskClub downgraded shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and raised their price objective for the company from $63.00 to $76.00 in a research note on Monday, July 24th. Cowen and Company reiterated a “market perform” rating and issued a $61.00 price objective (up previously from $44.00) on shares of Restoration Hardware Holdings in a research note on Thursday. Finally, Piper Jaffray Companies raised their price objective on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.55.
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Shares of Restoration Hardware Holdings (RH) opened at 70.65 on Monday. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 184.95 and a beta of 1.53. The stock’s 50 day moving average is $56.88 and its 200-day moving average is $51.47.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to analysts’ expectations of $606.38 million. During the same period in the prior year, the firm posted $0.44 earnings per share. Restoration Hardware Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the company. Teton Advisors Inc. boosted its stake in shares of Restoration Hardware Holdings by 43.5% in the first quarter. Teton Advisors Inc. now owns 15,500 shares of the company’s stock valued at $717,000 after purchasing an additional 4,700 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Restoration Hardware Holdings in the first quarter valued at $1,879,000. Vanguard Group Inc. boosted its stake in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after purchasing an additional 423,925 shares during the period. Chescapmanager LLC purchased a new position in shares of Restoration Hardware Holdings in the first quarter valued at $13,230,000. Finally, Amalgamated Bank purchased a new position in shares of Restoration Hardware Holdings in the first quarter valued at $242,000. Institutional investors and hedge funds own 95.53% of the company’s stock.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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