Restoration Hardware (NYSE:RH) had its target price hoisted by KeyCorp from $166.00 to $180.00 in a report published on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the stock. KeyCorp also issued estimates for Restoration Hardware’s Q4 2019 earnings at $2.80 EPS, FY2019 earnings at $7.94 EPS and FY2020 earnings at $10.20 EPS.
Several other research analysts have also recently issued reports on the stock. William Blair reiterated an outperform rating on shares of Restoration Hardware in a report on Tuesday. Stifel Nicolaus increased their target price on shares of Restoration Hardware from $150.00 to $180.00 and gave the stock a buy rating in a report on Tuesday. Citigroup increased their target price on shares of Restoration Hardware from $181.00 to $200.00 and gave the stock a buy rating in a report on Tuesday. Wedbush reiterated an outperform rating and set a $160.00 target price (up from $145.00) on shares of Restoration Hardware in a report on Tuesday. Finally, Wells Fargo & Co increased their target price on shares of Restoration Hardware from $145.00 to $175.00 and gave the stock an outperform rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. Restoration Hardware presently has a consensus rating of Buy and an average price target of $152.28.
NYSE RH opened at $137.01 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.17 and a debt-to-equity ratio of 26.22. The stock has a market capitalization of $3.02 billion, a PE ratio of 20.94, a P/E/G ratio of 0.81 and a beta of 2.04. Restoration Hardware has a 12 month low of $74.50 and a 12 month high of $164.49.
Restoration Hardware (NYSE:RH) last posted its quarterly earnings results on Monday, December 3rd. The company reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.46. The firm 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%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, equities research analysts anticipate that Restoration Hardware will post 8.01 earnings per share for the current year.
In other news, CEO Gary G. Friedman purchased 7,622 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was acquired at an average cost 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 in the company, valued at approximately $295,614,625.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Rowghani sold 3,024 shares of the 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 sale, the director now directly owns 6,953 shares of the company’s stock, valued at $901,665.04. The disclosure for this sale can be found here. Corporate insiders own 29.70% of the company’s stock.
A hedge fund recently raised its stake in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its stake in Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% in the 2nd quarter, according to its most recent 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 about 0.08% of Restoration Hardware worth $2,408,000 as of its most recent SEC filing.
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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