Restoration Hardware (NYSE:RH) Releases FY 2019 After-Hours Earnings Guidance

Restoration Hardware (NYSE:RH) issued an update on its FY 2019
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 11.58-11.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.86. The company issued revenue guidance of $2.685-2.694 billion, compared to the consensus revenue estimate of $2.69 billion.Restoration Hardware also updated its Q4 2019
After-Hours guidance to 3.50-3.62 EPS.

NYSE RH traded up $5.72 on Wednesday, hitting $205.62. 2,096,578 shares of the stock were exchanged, compared to its average volume of 1,023,657. The business’s fifty day moving average is $186.55 and its 200 day moving average is $145.43. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $208.33. The company has a market capitalization of $3.84 billion, a PE ratio of 24.08, a P/E/G ratio of 1.50 and a beta of 1.81.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The firm had revenue of $706.51 million for the quarter, compared to analyst estimates of $698.00 million. On average, equities analysts expect that Restoration Hardware will post 10.95 EPS for the current fiscal year.

RH has been the topic of several analyst reports. Guggenheim set a $200.00 price target on shares of Restoration Hardware and gave the stock a buy rating in a research report on Tuesday, October 15th. Wells Fargo & Co reaffirmed a buy rating and set a $225.00 price target on shares of Restoration Hardware in a research report on Monday, November 25th. Bank of America upped their price target on shares of Restoration Hardware from $165.00 to $175.00 and gave the stock a buy rating in a research report on Wednesday, September 11th. UBS Group upped their price target on shares of Restoration Hardware from $138.00 to $160.00 and gave the stock a neutral rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus upped their price target on shares of Restoration Hardware from $196.00 to $202.00 and gave the stock a buy rating in a research report on Thursday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $166.38.

In other Restoration Hardware news, insider Demonty Price sold 23,900 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $171.27, for a total value of $4,093,353.00. Following the transaction, the insider now directly owns 56,949 shares in the company, valued at $9,753,655.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 1,002 shares in the company, valued at $150,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,790 shares of company stock worth $10,312,127. Corporate insiders own 36.40% of the company’s stock.

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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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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