Restoration Hardware (NYSE:RH) had its target price upped by Loop Capital to $101.00 in a research note published on Friday, November 17th, The Fly reports. They currently have a hold rating on the stock.
Several other analysts also recently commented on RH. BidaskClub downgraded shares of Restoration Hardware from a buy rating to a hold rating in a report on Thursday, August 3rd. Oppenheimer reissued a hold rating on shares of Restoration Hardware in a report on Thursday, September 7th. Zacks Investment Research raised shares of Restoration Hardware from a hold rating to a buy rating and set a $71.00 price objective on the stock in a report on Wednesday, August 2nd. Bank of America increased their price objective on shares of Restoration Hardware from $44.00 to $50.00 and gave the company a buy rating in a report on Thursday, September 7th. Finally, Citigroup raised shares of Restoration Hardware from a neutral rating to a buy rating in a report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $72.91.
Shares of Restoration Hardware (NYSE RH) traded up $0.42 during trading on Friday, reaching $102.39. 1,142,228 shares of the company’s stock were exchanged, compared to its average volume of 1,981,875. The company has a debt-to-equity ratio of -26.72, a current ratio of 1.50 and a quick ratio of 0.27. Restoration Hardware has a twelve month low of $24.41 and a twelve month high of $107.48. The firm has a market cap of $2,156.87, a price-to-earnings ratio of 64.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.71.
Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analyst estimates of $606.38 million. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. equities research analysts anticipate that Restoration Hardware will post 2.9 EPS for the current fiscal year.
In other Restoration Hardware news, CEO Gary G. Friedman bought 14,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average cost of $70.94 per share, with a total value of $993,160.00. Following the acquisition, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary G. Friedman acquired 13,959 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average cost of $71.64 per share, for a total transaction of $1,000,022.76. Following the completion of the purchase, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. acquired a new position in Restoration Hardware in the 3rd quarter valued at $274,000. Flinton Capital Management LLC boosted its position in shares of Restoration Hardware 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 purchasing an additional 464 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Restoration Hardware 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 purchasing an additional 698 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Restoration Hardware 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 purchasing an additional 255 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Restoration Hardware by 24.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 11,440 shares of the company’s stock worth $529,000 after purchasing an additional 2,240 shares in the last quarter. 95.71% of the stock is currently owned by institutional investors.
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About Restoration Hardware
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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