Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective hoisted by stock analysts at Telsey Advisory Group from $48.00 to $60.00 in a research report issued to clients and investors on Friday, July 14th, MarketBeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential downside of 14.13% from the company’s current price.
A number of other brokerages have also issued reports on RH. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, May 6th. UBS AG increased their price objective on shares of Restoration Hardware Holdings from $34.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, March 29th. Zacks Investment Research lowered shares of Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. KeyCorp downgraded Restoration Hardware Holdings to an “overweight” rating and set a $65.86 target price for the company. in a research report on Friday, July 14th. They noted that the move was a valuation call. Finally, Buckingham Research upgraded Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Two 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. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average price target 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. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week 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. The company has a 50-day moving average of $63.12 and a 200-day moving average of $45.88.
Restoration Hardware Holdings (NYSE:RH) last released its earnings results 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 company had revenue of $562.10 million during the quarter, compared to analyst estimates of $560.30 million. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Equities research analysts anticipate that Restoration Hardware Holdings will post $2.14 earnings per share for the current year.
Restoration Hardware Holdings declared that its Board of Directors has initiated a share buyback plan on Thursday, May 4th that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the company to purchase up to 37.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in 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 period. 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 valued at $155,107,000 after buying an additional 423,925 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Restoration Hardware Holdings by 3.0% in the first quarter. OppenheimerFunds Inc. now owns 1,044,967 shares of the company’s stock valued at $48,340,000 after buying an additional 30,802 shares during the last quarter. 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 valued at $26,840,000 after buying an additional 343,334 shares during the last quarter. Finally, Credit Suisse AG purchased a new stake in shares of Restoration Hardware Holdings during the first quarter valued at approximately $15,995,000.
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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