Bank of America upgraded shares of Restoration Hardware (NYSE:RH) from an underperform rating to a buy rating in a research report released on Thursday, BenzingaRatingsTable reports. They currently have $165.00 target price on the stock, up from their prior target price of $85.00.
A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Restoration Hardware from a sell rating to a hold rating and set a $115.00 price target on the stock in a research note on Friday, June 14th. Wells Fargo & Co reiterated a buy rating and set a $150.00 price target (down from $160.00) on shares of Restoration Hardware in a research note on Wednesday, June 12th. Telsey Advisory Group reiterated a market perform rating and set a $140.00 price target (up from $130.00) on shares of Restoration Hardware in a research note on Tuesday, July 30th. Raymond James reiterated a hold rating on shares of Restoration Hardware in a research note on Monday, June 17th. Finally, UBS Group boosted their price target on shares of Restoration Hardware from $126.00 to $138.00 and gave the stock a neutral rating in a research note on Tuesday, July 30th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $143.53.
RH traded up $0.75 on Thursday, hitting $136.83. The company had a trading volume of 975,787 shares, compared to its average volume of 691,906. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.54 and a beta of 1.76. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $162.10. The stock’s fifty day simple moving average is $121.73.
Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.31. The firm had revenue of $598.42 million for the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. Restoration Hardware’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. On average, equities research analysts expect that Restoration Hardware will post 9.44 EPS for the current fiscal year.
An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC lifted its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,996 shares of the company’s stock after buying an additional 198 shares during the quarter. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 at the end of the most recent reporting period.
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, bathware, 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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