Restoration Hardware Holdings Inc. (NYSE:RH) had its price target raised by Loop Capital from $55.00 to $65.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the stock. Loop Capital’s target price indicates a potential downside of 15.80% from the company’s previous close.
A number of other research firms have also recently issued reports on RH. Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. BidaskClub cut shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Guggenheim restated a “buy” rating and set a $95.00 price objective (up from $75.00) on shares of Restoration Hardware Holdings in a research note on Wednesday, October 4th. Citigroup Inc. cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $76.00 in a research note on Monday, July 24th. Finally, Piper Jaffray Companies lifted 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, September 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.02.
Shares of Restoration Hardware Holdings (NYSE RH) traded up 3.37% during trading on Wednesday, reaching $79.80. 520,925 shares of the company’s stock traded hands. The company has a 50 day moving average of $66.04 and a 200-day moving average of $58.34. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 4200.00 and a beta of 1.62. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $80.25.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts predict that Restoration Hardware Holdings will post $2.60 earnings per share for the current year.
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In other news, CEO Gary G. Friedman bought 13,959 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were purchased at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now directly owns 2,235,410 shares in the company, valued at $160,144,772.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman bought 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the acquisition, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in RH. BlackRock Inc. grew its holdings in Restoration Hardware Holdings by 18,735.0% during the first 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 period. Vanguard Group Inc. grew its holdings in Restoration Hardware Holdings by 14.5% during the first 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 period. Credit Suisse AG acquired a new position in Restoration Hardware Holdings during the first quarter worth about $15,995,000. Principal Financial Group Inc. grew its holdings in Restoration Hardware Holdings by 102.4% during the first quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock worth $13,671,000 after acquiring an additional 149,509 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new position in Restoration Hardware Holdings during the first quarter worth about $4,814,000. 95.71% 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.
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