Restoration Hardware Holdings Inc. (NYSE:RH) had its price target hoisted by Deutsche Bank AG from $100.00 to $100.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.
A number of other equities analysts also recently issued reports on RH. BidaskClub downgraded Restoration Hardware Holdings from a sell rating to a strong sell rating in a research report on Friday, August 25th. Loop Capital upped their price target on Restoration Hardware Holdings from $55.00 to $65.00 and gave the stock a hold rating in a research report on Wednesday, October 11th. Guggenheim reaffirmed a buy rating and set a $95.00 price target (up from $75.00) on shares of Restoration Hardware Holdings in a research report on Wednesday, October 4th. Bank of America Corporation reaffirmed an underperform rating and set a $44.00 price target (down from $54.00) on shares of Restoration Hardware Holdings in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus began coverage on Restoration Hardware Holdings in a research report on Thursday, October 12th. They set a hold rating and a $75.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $66.02.
Shares of Restoration Hardware Holdings (RH) opened at $102.26 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72. The firm has a market capitalization of $2,220.00, a price-to-earnings ratio of 56.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. Restoration Hardware Holdings has a twelve month low of $24.41 and a twelve month high of $107.48.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. equities analysts forecast that Restoration Hardware Holdings will post 2.6 EPS for the current year.
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In other Restoration Hardware Holdings news, CEO Gary G. Friedman purchased 13,959 shares of the stock in a transaction on Tuesday, September 26th. The shares were bought at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at $160,144,772.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary G. Friedman purchased 14,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its stake in shares of Restoration Hardware Holdings by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Restoration Hardware Holdings by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Restoration Hardware Holdings by 12.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Restoration Hardware Holdings by 59.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Restoration Hardware Holdings during the 3rd quarter worth about $274,000. 95.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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