Restoration Hardware Holdings, Inc (NYSE:RH) – Research analysts at Wedbush boosted their Q4 2019 earnings per share estimates for shares of Restoration Hardware in a research report issued to clients and investors on Tuesday, December 4th. Wedbush analyst S. Basham now expects that the company will post earnings per share of $2.86 for the quarter, up from their prior estimate of $2.56. Wedbush has a “Outperform” rating and a $160.00 price objective on the stock. Wedbush also issued estimates for Restoration Hardware’s Q1 2020 earnings at $1.86 EPS and Q2 2020 earnings at $2.75 EPS.
RH has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Wednesday, September 26th. ValuEngine cut shares of Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Stifel Nicolaus upped their price target on shares of Restoration Hardware from $125.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. William Blair reissued an “outperform” rating on shares of Restoration Hardware in a research report on Wednesday, September 5th. Finally, JPMorgan Chase & Co. initiated coverage on Restoration Hardware in a research report on Friday, November 9th. They issued an “overweight” rating and a $155.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $152.28.
Shares of Restoration Hardware stock opened at $142.39 on Wednesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 46.69, a PEG ratio of 0.75 and a beta of 2.04. Restoration Hardware has a 1 year low of $74.50 and a 1 year high of $164.49. The company has a current ratio of 0.80, a quick ratio of 0.17 and a debt-to-equity ratio of 26.22.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Monday, December 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.46. The company had revenue of $636.60 million for the quarter, compared to analysts’ expectations of $632.25 million. Restoration Hardware had a net margin of 4.58% and a return on equity of 404.46%. Restoration Hardware’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS.
A hedge fund recently raised its stake in Restoration Hardware stock. BNP Paribas Arbitrage SA grew its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,238 shares of the company’s stock after purchasing an additional 3,403 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Restoration Hardware worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.
In other news, Director Ali Rowghani sold 3,024 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the completion of the sale, the director now owns 6,953 shares of the company’s stock, valued at approximately $901,665.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary G. Friedman purchased 7,622 shares of Restoration Hardware stock in a transaction dated Thursday, September 13th. The shares were acquired at an average cost of $131.19 per share, with a total value of $999,930.18. Following the transaction, the chief executive officer now directly owns 2,253,332 shares in the company, valued at $295,614,625.08. The disclosure for this purchase can be found here. 29.70% of the stock is currently owned by insiders.
About Restoration Hardware
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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