Restoration Hardware (NYSE:RH) had its price objective lifted by Telsey Advisory Group from $140.00 to $175.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 3.18% from the company’s current price.
RH has been the subject of a number of other reports. Zacks Investment Research raised Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price target for the company in a report on Friday, June 14th. Loop Capital increased their price objective on Restoration Hardware to $160.00 and gave the company an “average” rating in a research report on Thursday, September 5th. Cowen reiterated a “hold” rating and issued a $120.00 price objective on shares of Restoration Hardware in a research report on Tuesday, June 18th. ValuEngine upgraded Restoration Hardware from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $150.00 price target (down from $160.00) on shares of Restoration Hardware in a research report on Wednesday, June 12th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $157.86.
Shares of RH traded up $0.48 during mid-day trading on Wednesday, reaching $169.60. The company had a trading volume of 58,226 shares, compared to its average volume of 739,275. Restoration Hardware has a twelve month low of $84.11 and a twelve month high of $173.20. The company’s 50-day moving average is $140.80 and its 200-day moving average is $121.31. The company has a market capitalization of $2.95 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.35 and a beta of 1.77.
Restoration Hardware (NYSE:RH) last issued its earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a negative return on equity of 301.40% and a net margin of 6.05%. The business had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. On average, equities analysts predict that Restoration Hardware will post 10.65 earnings per share for the current fiscal year.
In other Restoration Hardware news, CAO Glenda M. Citragno sold 2,000 shares of Restoration Hardware stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the transaction, the chief accounting officer now directly owns 2,650 shares in the company, valued at $410,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 6,000 shares of company stock worth $900,000. Corporate insiders own 36.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Mason Street Advisors LLC increased its position in shares of Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after acquiring an additional 198 shares during the last quarter. Tiverton Asset Management LLC bought a new stake in shares of Restoration Hardware during the second quarter worth approximately $56,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of Restoration Hardware during the second quarter worth approximately $62,000.
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, 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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