Restoration Hardware (NYSE:RH) had its price target raised by Stifel Nicolaus from $150.00 to $180.00 in a research report sent to investors on Tuesday, The Fly reports. Stifel Nicolaus currently has a buy rating on the stock.
RH has been the subject of several other research reports. Wedbush reiterated an outperform rating and issued a $160.00 price objective (up previously from $145.00) on shares of Restoration Hardware in a research note on Tuesday. Zacks Investment Research upgraded Restoration Hardware from a hold rating to a buy rating and set a $152.00 price objective for the company in a research note on Wednesday, September 26th. ValuEngine cut Restoration Hardware from a buy rating to a hold rating in a research note on Thursday, September 6th. William Blair reiterated an outperform rating on shares of Restoration Hardware in a research note on Wednesday, September 5th. Finally, JPMorgan Chase & Co. began coverage on Restoration Hardware in a research note on Friday, November 9th. They issued an overweight rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $152.28.
Shares of Restoration Hardware stock opened at $137.01 on Tuesday. Restoration Hardware has a 12 month low of $74.50 and a 12 month high of $164.49. The stock has a market cap of $3.02 billion, a P/E 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 current ratio of 0.80 and a quick ratio of 0.17.
Restoration Hardware (NYSE:RH) last announced its earnings results on Monday, December 3rd. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.46. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. The company had revenue of $636.60 million during the quarter, compared to analysts’ expectations of $632.25 million. During the same period last year, the business posted $1.04 EPS. Restoration Hardware’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Restoration Hardware will post 8.01 EPS for the current fiscal year.
In related news, Director Ali Rowghani sold 3,024 shares of the business’s stock in a transaction that occurred 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 sale, the director now 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 through the SEC website. Also, CEO Gary G. Friedman bought 7,622 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, with a total value of $999,930.18. Following the purchase, 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. 29.70% of the stock is owned by insiders.
An institutional investor recently raised its position in Restoration Hardware stock. Principal Financial Group Inc. increased its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,574 shares of the company’s stock after purchasing an additional 4,237 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of Restoration Hardware worth $14,156,000 at the end of the most recent quarter.
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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