Restoration Hardware Holdings Inc. (RH) Given Hold Rating at Loop Capital

Loop Capital reaffirmed their hold rating on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a research report sent to investors on Friday morning. Loop Capital currently has a $55.00 price target on the stock.

A number of other analysts have also recently commented on RH. Wolfe Research upped their price target on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a peer perform rating in a research note on Friday, May 12th. Deutsche Bank AG upped their price target on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a hold rating in a research note on Friday, May 12th. Bank of America Corporation restated a buy rating and set a $64.00 price target (up from $48.00) on shares of Restoration Hardware Holdings in a research note on Monday, May 15th. Buckingham Research upgraded shares of Restoration Hardware Holdings from an underperform rating to a neutral rating in a research note on Monday, May 15th. Finally, KeyCorp restated an overweight rating and set a $56.00 price target (down from $62.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $59.55.

Restoration Hardware Holdings (NYSE RH) opened at 68.46 on Friday. The company has a market capitalization of $2.27 billion, a PE ratio of 179.21 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 stock’s 50 day moving average is $56.38 and its 200 day moving average is $52.03.

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

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Large investors have recently modified their holdings of the company. Flinton Capital Management LLC increased its holdings in shares of Restoration Hardware Holdings by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after buying an additional 464 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Restoration Hardware Holdings in the 1st quarter worth $155,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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