Several other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc. raised shares of Restoration Hardware Holdings from a neutral rating to a buy rating and increased their price objective for the company from $37.00 to $40.00 in a report on Thursday, August 18th. Vetr raised shares of Restoration Hardware Holdings from a sell rating to a hold rating and set a $31.09 price objective on the stock in a report on Tuesday, August 16th. Nomura reaffirmed a buy rating and set a $60.00 price objective on shares of Restoration Hardware Holdings in a report on Wednesday, August 10th. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of Restoration Hardware Holdings in a report on Monday, June 13th. Finally, Zacks Investment Research raised shares of Restoration Hardware Holdings from a sell rating to a hold rating in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $47.03.
Restoration Hardware Holdings (NYSE:RH) opened at 33.97 on Friday. The company has a market capitalization of $1.38 billion, a P/E ratio of 29.54 and a beta of 1.42. Restoration Hardware Holdings has a one year low of $24.75 and a one year high of $106.49. The company’s 50-day moving average is $33.76 and its 200 day moving average is $34.11.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The business had revenue of $543.40 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, equities analysts anticipate that Restoration Hardware Holdings will post $1.65 earnings per share for the current year.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman acquired 32,918 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was purchased at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the completion of the acquisition, the chief executive officer now owns 2,207,451 shares of the company’s stock, valued at approximately $60,903,573.09. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantus Capital Management Inc acquired a new position in shares of Restoration Hardware Holdings during the second quarter worth $131,000. Advisor Group Inc. acquired a new position in shares of Restoration Hardware Holdings during the second quarter worth $148,000. Teacher Retirement System of Texas boosted its position 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 period. IFP Advisors Inc boosted its position 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 period. Finally, Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Restoration Hardware Holdings during the second quarter worth $187,000. Hedge funds and other institutional investors own 98.58% of the company’s stock.
Restoration Hardware Holdings Company Profile
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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