Citigroup Raises Restoration Hardware (RH) Price Target to $200.00

Restoration Hardware (NYSE:RH) had its target price hoisted by Citigroup from $181.00 to $200.00 in a report issued on Tuesday morning, The Fly reports. Citigroup currently has a buy rating on the stock.

Several other brokerages have also weighed in on RH. Gordon Haskett upgraded Restoration Hardware from a hold rating to an accumulate rating and lowered their price objective for the stock from $135.00 to $58.00 in a research report on Tuesday, August 28th. William Blair reiterated an outperform rating on shares of Restoration Hardware in a research report on Tuesday, August 14th. Piper Jaffray Companies increased their price objective on Restoration Hardware to $165.00 and gave the stock a neutral rating in a research report on Wednesday, September 5th. Stifel Nicolaus increased their price objective on Restoration Hardware from $125.00 to $142.00 and gave the stock a hold rating in a research report on Wednesday, September 5th. Finally, Deutsche Bank increased their price objective on Restoration Hardware from $160.00 to $178.00 and gave the stock a buy rating in a research report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $152.28.

NYSE:RH opened at $142.39 on Tuesday. Restoration Hardware has a one year low of $74.50 and a one year high of $164.49. The company has a quick ratio of 0.17, a current ratio of 0.80 and a debt-to-equity ratio of 26.22. The company has a market capitalization of $2.91 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.79 and a beta of 2.04.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings results on Monday, December 3rd. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.27 by $0.46. The firm had revenue of $636.60 million during the quarter, compared to analysts’ expectations of $632.25 million. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, equities research analysts anticipate that Restoration Hardware will post 7.96 earnings per share for the current year.

In other news, Director Ali Rowghani sold 3,024 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $129.68, for a total transaction of $392,152.32. Following the completion of the transaction, the director now directly owns 6,953 shares in the company, valued at $901,665.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary G. Friedman purchased 7,622 shares of the stock in a transaction dated Thursday, September 13th. The shares were purchased at an average price of $131.19 per share, with a total value of $999,930.18. Following the completion of the transaction, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at $295,614,625.08. The disclosure for this purchase can be found here. Company insiders own 29.70% of the company’s stock.

An institutional investor recently raised its position in Restoration Hardware stock. BNP Paribas Arbitrage SA raised its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,238 shares of the company’s stock after buying an additional 3,403 shares during the period. BNP Paribas Arbitrage SA owned about 0.08% of Restoration Hardware worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

Restoration Hardware Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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