Q4 2018 EPS Estimates for Restoration Hardware Holdings Inc. Boosted by Analyst (RH)

Restoration Hardware Holdings Inc. (NYSE:RH) – Equities researchers at KeyCorp upped their Q4 2018 EPS estimates for shares of Restoration Hardware Holdings in a research note issued on Wednesday. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of $1.50 per share for the quarter, up from their previous forecast of $1.46. KeyCorp has a “Sector Weight” rating on the stock.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.

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A number of other equities research analysts also recently issued reports on RH. Robert W. Baird reiterated a “hold” rating and issued a $60.00 price objective on shares of Restoration Hardware Holdings in a research report on Friday. BidaskClub downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Loop Capital raised their price target on Restoration Hardware Holdings from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, October 11th. Barclays PLC set a $65.00 price target on Restoration Hardware Holdings and gave the company a “hold” rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus assumed coverage on Restoration Hardware Holdings in a research report on Thursday. They set a “hold” rating and a $75.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Restoration Hardware Holdings presently has an average rating of “Hold” and an average price target of $63.42.

Restoration Hardware Holdings (NYSE:RH) opened at 80.08 on Monday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 4214.74 and a beta of 1.61. The stock has a 50 day moving average price of $67.67 and a 200 day moving average price of $58.91. Restoration Hardware Holdings has a 52 week low of $24.41 and a 52 week high of $80.87.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Restoration Hardware Holdings by 18,735.0% in the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after purchasing an additional 4,655,842 shares during the last quarter. Vanguard Group Inc. grew 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 worth $155,107,000 after purchasing an additional 423,925 shares during the last quarter. Credit Suisse AG bought a new stake in shares of Restoration Hardware Holdings in the first quarter worth about $15,995,000. Geode Capital Management LLC grew its stake in shares of Restoration Hardware Holdings by 9.9% in the first quarter. Geode Capital Management LLC now owns 309,328 shares of the company’s stock worth $14,309,000 after purchasing an additional 27,821 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Restoration Hardware Holdings by 102.4% during the 1st quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock valued at $13,671,000 after acquiring an additional 149,509 shares in the last quarter. 95.71% of the stock is currently owned by institutional investors.

In related news, CEO Gary G. Friedman acquired 13,959 shares of Restoration Hardware Holdings stock in a transaction dated 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 purchase, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary G. Friedman acquired 14,000 shares of Restoration Hardware Holdings stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the purchase, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by company insiders.

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.

Earnings History and Estimates for Restoration Hardware Holdings (NYSE:RH)

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