Restoration Hardware (RH) Price Target Raised to $60.00

Restoration Hardware (NYSE:RH) had its price objective upped by equities research analysts at Bank of America from $50.00 to $60.00 in a research report issued on Monday, November 20th. The firm presently has an “underperform” rating on the stock. Bank of America’s price objective would suggest a potential downside of 42.69% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Restoration Hardware from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 16th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Restoration Hardware in a report on Thursday, November 16th. Piper Jaffray Companies boosted their target price on Restoration Hardware from $43.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Oppenheimer reissued a “hold” rating on shares of Restoration Hardware in a report on Thursday, September 7th. Finally, Citigroup downgraded Restoration Hardware from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $76.00 in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $78.91.

Shares of Restoration Hardware (NYSE RH) traded up $0.83 on Monday, reaching $104.70. The company had a trading volume of 2,189,230 shares, compared to its average volume of 1,983,937. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. The company has a market capitalization of $2,165.75, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71. Restoration Hardware has a 1 year low of $24.41 and a 1 year high of $109.53.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. The company had revenue of $592.50 million for the quarter, compared to analyst estimates of $592.46 million. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. equities research analysts expect that Restoration Hardware will post 2.9 earnings per share for the current fiscal year.

In other Restoration Hardware news, CEO Gary G. Friedman bought 13,959 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the transaction, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary G. Friedman bought 14,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now directly owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Flinton Capital Management LLC increased its position in shares of Restoration Hardware by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after buying an additional 464 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Restoration Hardware by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after buying an additional 698 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Restoration Hardware by 12.6% in the 1st 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 in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Restoration Hardware in the 3rd quarter valued at $274,000. Finally, HighTower Advisors LLC bought a new stake in shares of Restoration Hardware in the 1st quarter valued at $204,000. Institutional investors own 95.71% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Restoration Hardware (RH) Price Target Raised to $60.00” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://stocknewstimes.com/2017/12/06/restoration-hardware-holdings-inc-rh-price-target-raised-to-60-00-at-bank-of-america-corporation.html.

Restoration Hardware 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.

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply