Restoration Hardware Holdings Inc. (RH) Given New $101.00 Price Target at Loop Capital

Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective raised by Loop Capital to $101.00 in a report released on Friday morning. They currently have a hold rating on the stock.

Several other equities analysts 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 price objective for the company. in a report on Friday, July 21st. Citigroup Inc. cut Restoration Hardware Holdings from a buy rating to a neutral rating and boosted their price objective for the company from $63.00 to $76.00 in a report on Monday, July 24th. BidaskClub cut Restoration Hardware Holdings from a strong-buy rating to a buy rating in a report on Tuesday, July 25th. Zacks Investment Research raised Restoration Hardware Holdings from a hold rating to a buy rating and set a $71.00 price objective for the company in a report on Wednesday, August 2nd. Finally, Bank of America Corporation reissued an underperform rating and issued a $44.00 price objective (down previously from $54.00) on shares of Restoration Hardware Holdings in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $66.02.

Shares of Restoration Hardware Holdings (RH) traded down $2.55 during mid-day trading on Friday, hitting $102.26. The stock had a trading volume of 2,199,350 shares, compared to its average volume of 2,030,026. The firm has a market cap of $2,220.00, a PE ratio of 56.49, a PEG ratio of 1.14 and a beta of 1.68. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72. Restoration Hardware Holdings has a fifty-two week low of $24.41 and a fifty-two week high of $107.48.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data 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 company had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. research analysts expect that Restoration Hardware Holdings will post 2.6 EPS for the current year.

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In related news, CEO Gary G. Friedman purchased 14,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary G. Friedman purchased 13,959 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the transaction, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of RH. Flinton Capital Management LLC grew its position in shares of Restoration Hardware Holdings by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after purchasing an additional 464 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after purchasing an additional 1,328 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Restoration Hardware Holdings in the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.71% 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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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