Restoration Hardware Holdings Inc. (NYSE:RH) had its target price lifted by stock analysts at Telsey Advisory Group from $48.00 to $60.00 in a research report issued on Friday, MarketBeat.com reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential downside of 20.02% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. KeyCorp cut Restoration Hardware Holdings to an “overweight” rating and set a $65.86 target price on the stock. in a research note on Friday. They noted that the move was a valuation call. Zacks Investment Research cut Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Loop Capital lifted their target price on Restoration Hardware Holdings from $31.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, May 8th. Gordon Haskett assumed coverage on Restoration Hardware Holdings in a research note on Tuesday, May 9th. They set a “hold” rating and a $58.00 target price on the stock. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $45.00 target price (down previously from $50.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Restoration Hardware Holdings has a consensus rating of “Hold” and an average target price of $50.65.
Restoration Hardware Holdings (NYSE:RH) traded up 9.84% during midday trading on Friday, hitting $75.02. 3,885,338 shares of the company’s stock traded hands. The company has a 50 day moving average of $55.23 and a 200-day moving average of $40.75. The company has a market capitalization of $2.49 billion, a PE ratio of 196.39 and a beta of 1.47. Restoration Hardware Holdings has a 52 week low of $24.41 and a 52 week high of $75.40.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $562.10 million for the quarter, compared to the consensus estimate of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. Equities research analysts predict that Restoration Hardware Holdings will post $2.01 earnings per share for the current year.
Restoration Hardware Holdings announced that its Board of Directors has initiated a share repurchase program on Thursday, May 4th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to reacquire up to 37.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of large investors have recently made changes to their positions in RH. BlackRock Inc. boosted its stake in shares of Restoration Hardware Holdings by 18,735.0% in the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after buying an additional 4,655,842 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after buying an additional 423,925 shares during the last quarter. Credit Suisse AG bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $15,995,000. Ameriprise Financial Inc. boosted its stake in shares of Restoration Hardware Holdings by 144.9% in the first quarter. Ameriprise Financial Inc. now owns 580,199 shares of the company’s stock worth $26,840,000 after buying an additional 343,334 shares during the last quarter. Finally, Chescapmanager LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $13,230,000.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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