Restoration Hardware Holdings Inc. (RH) Given New $71.00 Price Target at Piper Jaffray Companies

Restoration Hardware Holdings Inc. (NYSE:RH) had its target price raised by Piper Jaffray Companies from $43.00 to $71.00 in a research report released on Thursday. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. BidaskClub downgraded Restoration Hardware Holdings from a sell rating to a strong sell rating in a research note on Friday, August 25th. Deutsche Bank AG raised Restoration Hardware Holdings from a hold rating to a buy rating and lifted their target price for the company from $45.00 to $66.00 in a research note on Friday, June 23rd. Zacks Investment Research downgraded Restoration Hardware Holdings from a hold rating to a sell rating in a research note on Tuesday, July 11th. KeyCorp reaffirmed an overweight rating and set a $56.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Finally, Loop Capital reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Restoration Hardware Holdings has a consensus rating of Hold and a consensus target price of $59.55.

Restoration Hardware Holdings (NYSE RH) opened at 70.65 on Thursday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 184.95 and a beta of 1.53. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The company’s 50-day moving average price is $56.88 and its 200-day moving average price is $51.47.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. On average, analysts anticipate that Restoration Hardware Holdings will post $2.54 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Restoration Hardware Holdings by 18,735.0% in the 1st quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after acquiring an additional 4,655,842 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Restoration Hardware Holdings by 14.5% in the 1st quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after acquiring an additional 423,925 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Restoration Hardware Holdings by 3.0% in the 1st quarter. OppenheimerFunds Inc. now owns 1,044,967 shares of the company’s stock worth $48,340,000 after acquiring an additional 30,802 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Restoration Hardware Holdings by 144.9% in the 1st quarter. Ameriprise Financial Inc. now owns 580,199 shares of the company’s stock worth $26,840,000 after acquiring an additional 343,334 shares during the last quarter. Finally, Credit Suisse AG acquired a new position in shares of Restoration Hardware Holdings in the 1st quarter worth $15,995,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Restoration Hardware Holdings Company Profile

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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