Analysts Set Restoration Hardware Holdings Inc. (RH) Price Target at $63.29

Shares of Restoration Hardware Holdings Inc. (NYSE:RH) have earned an average rating of “Hold” from the twenty-four ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $63.29.

Several equities analysts recently commented on RH shares. Zacks Investment Research raised Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, August 2nd. BidaskClub lowered Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Guggenheim reissued a “buy” rating and issued a $75.00 target price (up previously from $60.00) on shares of Restoration Hardware Holdings in a report on Monday, July 17th. Deutsche Bank AG increased their target price on Restoration Hardware Holdings from $66.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Buckingham Research raised Restoration Hardware Holdings from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $88.00 in a report on Thursday, September 7th.

In other news, CEO Gary G. Friedman acquired 14,000 shares of Restoration Hardware Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,051 shares in the company, valued at $156,922,897.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman acquired 13,959 shares of Restoration Hardware Holdings stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the transaction, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in RH. Flinton Capital Management LLC lifted its position in Restoration Hardware Holdings by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after purchasing an additional 464 shares during the period. Public Employees Retirement System of Ohio lifted its position in Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares during the period. Riverhead Capital Management LLC lifted its position in Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares during the period. Sei Investments Co. lifted its position in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after purchasing an additional 730 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after purchasing an additional 1,328 shares during the period. Hedge funds and other institutional investors own 95.71% of the company’s stock.

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Shares of Restoration Hardware Holdings (NYSE:RH) traded down 0.28% on Friday, reaching $86.64. The company had a trading volume of 635,373 shares. The firm’s 50 day moving average is $74.31 and its 200 day moving average is $60.87. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $88.54. The firm has a market capitalization of $1.83 billion, a PE ratio of 4560.00 and a beta of 1.62.

Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million during the quarter, compared to analysts’ expectations of $606.38 million. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, equities research analysts expect that Restoration Hardware Holdings will post $2.60 earnings per share for the current fiscal year.

Restoration Hardware Holdings Company Profile

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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