Restoration Hardware Holdings Coverage Initiated at Nomura (RH)

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Nomura initiated coverage on shares of Restoration Hardware Holdings (NYSE:RH) in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $100.00 target price on the stock.

Nomura has also taken action a number of other consumer discretionary stocks recently. The firm initiated coverage on shares of Bed Bath & Beyond Inc.. They issued a neutral rating on that stock and set a $65.00 price target. Also, Nomura reiterated its neutral rating on shares of Select Comfort Corp.. They have a $20.00 price target on that stock, up previously from $18.00.

In other Restoration Hardware Holdings news, Director Carlos Alberini sold 40,000 shares of the stock on the open market in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $89.47, for a total transaction of $3,578,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Restoration Hardware Holdings (NYSE:RH) traded down 2.10% on Wednesday, hitting $84.91. 154,344 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 52 week low of $54.61 and a 52 week high of $94.50. The stock’s 50-day moving average is $81. and its 200-day moving average is $67.. The company has a market cap of $3.343 billion and a P/E ratio of 178.46.

Restoration Hardware Holdings (NYSE:RH) last released its earnings data on Wednesday, June 11th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.07. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts predict that Restoration Hardware Holdings will post $2.31 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday, July 1st. They set a market perform rating on the stock. Separately, analysts at Goldman Sachs reiterated a neutral rating on shares of Restoration Hardware Holdings in a research note on Tuesday, July 1st. They now have a $100.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday, July 1st. They set a market perform rating on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $87.86.

Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.

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