KeyCorp lowered shares of Restoration Hardware Holdings Inc. (NYSE:RH) to an overweight rating in a research report sent to investors on Friday, July 14th. The brokerage currently has $65.86 price objective on the stock. The analysts noted that the move was a valuation call.
Several other research firms have also recently issued reports on RH. 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 boosted 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 began 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. Deutsche Bank AG reissued a hold rating and set a $45.00 target price (down from $50.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Restoration Hardware Holdings in a research note on Saturday, May 6th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. Restoration Hardware Holdings has an average rating of Hold and an average target price of $51.91.
Restoration Hardware Holdings (NYSE RH) traded down 2.28% during mid-day trading on Friday, reaching $69.87. 1,003,288 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $63.70 and a 200-day moving average of $46.18. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 182.91 and a beta of 1.48.
Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The firm had revenue of $562.10 million for the quarter, compared to analysts’ expectations of $560.30 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The business’s revenue was up 23.4% compared to the same quarter last year. On average, equities research analysts anticipate that Restoration Hardware Holdings will post $2.14 earnings per share for the current year.
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Restoration Hardware Holdings announced that its board has approved a stock buyback program on Thursday, May 4th that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 37.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in RH. Public Employees Retirement System of Ohio increased its stake in Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after buying an additional 255 shares during the period. Sei Investments Co. increased its position in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Restoration Hardware Holdings during the first quarter worth about $155,000. PNC Financial Services Group Inc. increased its position in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Restoration Hardware Holdings during the first quarter worth about $195,000.
Restoration Hardware Holdings Company Profile
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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