Robert W. Baird Increases Restoration Hardware (NYSE:RH) Price Target to $168.00

Restoration Hardware (NYSE:RH) had its price target upped by stock analysts at Robert W. Baird from $150.00 to $168.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 1.03% from the company’s previous close.

RH has been the subject of a number of other research reports. Citigroup lifted their price target on shares of Restoration Hardware from $148.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Gordon Haskett raised shares of Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 price objective on the stock in a research report on Tuesday, June 4th. ValuEngine upgraded shares of Restoration Hardware from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Bank of America reaffirmed a “buy” rating and set a $175.00 price objective (up from $165.00) on shares of Restoration Hardware in a research report on Wednesday. Finally, Guggenheim boosted their target price on shares of Restoration Hardware from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $156.75.

Shares of NYSE:RH traded up $7.41 during trading on Wednesday, hitting $166.29. The company’s stock had a trading volume of 1,593,720 shares, compared to its average volume of 637,860. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $159.04. The business has a 50 day moving average price of $139.93 and a two-hundred day moving average price of $121.20. The company has a market capitalization of $2.85 billion, a PE ratio of 19.47, a P/E/G ratio of 1.30 and a beta of 1.77.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.50. The business had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.00 million. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. On average, equities analysts predict that Restoration Hardware will post 9.43 earnings per share for the current year.

In related news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the sale, the director now directly owns 1,002 shares of the company’s stock, valued at $150,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 36.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Tiverton Asset Management LLC acquired a new position in Restoration Hardware in the second quarter valued at $56,000. Griffin Asset Management Inc. purchased a new stake in shares of Restoration Hardware in the second quarter valued at about $62,000. Finally, Mason Street Advisors LLC raised its holdings in shares of Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after buying an additional 198 shares during the last quarter.

About Restoration Hardware

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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