Restoration Hardware Holdings Inc. (NYSE:RH) was upgraded by stock analysts at Buckingham Research from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. The firm presently has a $34.00 price target on the stock, up from their prior price target of $30.00. Buckingham Research’s price target would indicate a potential upside of 1.43% from the company’s previous close.
A number of other equities analysts have also commented on RH. Goldman Sachs Group Inc. lifted their price target on shares of Restoration Hardware Holdings from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Nomura reiterated a “buy” rating and set a $60.00 price target on shares of Restoration Hardware Holdings in a report on Friday, September 9th. Vetr lowered shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $33.54 price target on the stock. in a report on Monday, July 4th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Restoration Hardware Holdings in a report on Sunday, October 2nd. Finally, Telsey Advisory Group lifted their price target on shares of Restoration Hardware Holdings from $30.00 to $35.00 and gave the stock a “market perform” rating in a report on Thursday, September 1st. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.26.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 33.52 on Friday. Restoration Hardware Holdings has a 52 week low of $24.75 and a 52 week high of $106.49. The firm’s 50-day moving average price is $34.03 and its 200-day moving average price is $34.01. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 29.15 and a beta of 1.42.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Thursday, September 8th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. The firm had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Equities research analysts expect that Restoration Hardware Holdings will post $1.65 EPS for the current fiscal year.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman bought 32,918 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was bought at an average cost of $27.59 per share, with a total value of $908,207.62. Following the completion of the transaction, the chief executive officer now directly owns 2,207,451 shares in the company, valued at approximately $60,903,573.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.40% of the company’s stock.
A number of large investors have recently modified their holdings of RH. Advantus Capital Management Inc purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth about $131,000. Advisory Services Network LLC increased its stake in shares of Restoration Hardware Holdings by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock worth $147,000 after buying an additional 300 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth about $148,000. Teacher Retirement System of Texas increased its stake in shares of Restoration Hardware Holdings by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 5,218 shares of the company’s stock worth $150,000 after buying an additional 528 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Restoration Hardware Holdings by 45.8% in the second quarter. IFP Advisors Inc now owns 5,817 shares of the company’s stock worth $167,000 after buying an additional 1,826 shares during the last quarter. 98.58% of the stock is owned by institutional investors and hedge funds.
About Restoration Hardware Holdings
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
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