Restoration Hardware (RH) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Restoration Hardware (NYSE:RH) in a research note published on Tuesday morning, MarketBeat.com reports. Wedbush currently has a $160.00 target price on the stock, up from their prior target price of $145.00. Wedbush also issued estimates for Restoration Hardware’s Q4 2019 earnings at $2.86 EPS, FY2019 earnings at $7.96 EPS, Q1 2020 earnings at $1.86 EPS, Q2 2020 earnings at $2.75 EPS, Q3 2020 earnings at $2.24 EPS, Q4 2020 earnings at $3.79 EPS and FY2020 earnings at $10.65 EPS.

RH has been the topic of several other reports. Zacks Investment Research upgraded Restoration Hardware from a hold rating to a buy rating and set a $152.00 price target on the stock in a research report on Wednesday, September 26th. ValuEngine lowered Restoration Hardware from a buy rating to a hold rating in a research report on Thursday, September 6th. Stifel Nicolaus raised their price target on Restoration Hardware from $125.00 to $142.00 and gave the stock a hold rating in a research report on Wednesday, September 5th. William Blair restated an outperform rating on shares of Restoration Hardware in a research report on Wednesday, September 5th. Finally, JPMorgan Chase & Co. began coverage on Restoration Hardware in a research report on Friday, November 9th. They issued an overweight rating and a $155.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $152.28.

Shares of RH opened at $137.01 on Tuesday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 0.81 and a beta of 2.04. 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 has a 52 week low of $74.50 and a 52 week high of $164.49.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Monday, December 3rd. The company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.46. The firm had revenue of $636.60 million for the quarter, compared to analyst estimates of $632.25 million. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. Analysts forecast that Restoration Hardware will post 8.01 EPS for the current year.

In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of Restoration Hardware stock in a transaction dated Wednesday, September 12th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary G. Friedman bought 7,622 shares of Restoration Hardware stock in a transaction on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, for a total transaction of $999,930.18. Following the completion of the acquisition, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at approximately $295,614,625.08. The disclosure for this purchase can be found here. Insiders own 29.70% of the company’s stock.

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

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