Restoration Hardware Holdings, Inc (NYSE:RH) – KeyCorp boosted their FY2019 EPS estimates for shares of Restoration Hardware in a note issued to investors on Monday, December 3rd. KeyCorp analyst B. Thomas now expects that the company will post earnings of $7.94 per share for the year, up from their prior forecast of $7.11. KeyCorp has a “Overweight” rating and a $180.00 price target on the stock. KeyCorp also issued estimates for Restoration Hardware’s Q4 2019 earnings at $2.80 EPS and FY2020 earnings at $10.20 EPS.
Several other research analysts have also issued reports on RH. William Blair reissued an “outperform” rating on shares of Restoration Hardware in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $160.00 price objective (up from $145.00) on shares of Restoration Hardware in a research note on Tuesday. Citigroup raised their price objective on shares of Restoration Hardware from $181.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised their price objective on shares of Restoration Hardware from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Telsey Advisory Group raised their price objective on shares of Restoration Hardware from $140.00 to $160.00 and gave the company a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Restoration Hardware presently has an average rating of “Buy” and a consensus price target of $152.28.
Shares of NYSE RH opened at $137.01 on Thursday. The firm has a market cap of $2.91 billion, a P/E ratio of 44.92, a P/E/G ratio of 0.79 and a beta of 2.04. Restoration Hardware has a 12-month low of $74.50 and a 12-month high of $164.49. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.17 and a current ratio of 0.80.
Restoration Hardware (NYSE:RH) last issued its earnings results on Monday, December 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.46. The business had revenue of $636.60 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 earnings per share.
An institutional investor recently raised its position in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,238 shares of the company’s stock after purchasing an additional 3,403 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Restoration Hardware worth $2,408,000 at the end of the most recent quarter.
In other Restoration Hardware news, CEO Gary G. Friedman acquired 7,622 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were purchased at an average cost of $131.19 per share, with a total value of $999,930.18. Following the completion of the purchase, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at $295,614,625.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ali Rowghani sold 3,024 shares of the firm’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 transaction, the director now directly owns 6,953 shares in the company, valued at $901,665.04. The disclosure for this sale can be found here. 29.70% of the stock is currently owned by company insiders.
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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