Restoration Hardware Holdings PT Raised to $88.00 (RH)
Equities research analysts at Jefferies Group hoisted their price objective on shares of Restoration Hardware Holdings (NYSE:RH) from $68.00 to $88.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 15.70% from the stock’s previous close.
Shares of Restoration Hardware Holdings (NYSE:RH) opened at 76.06 on Wednesday. Restoration Hardware Holdings has a 52-week low of $30.32 and a 52-week high of $78.50. The stock’s 50-day moving average is $68.98 and its 200-day moving average is $54.77. The company’s market cap is $2.960 billion.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.06. The company had revenue of $382.10 million for the quarter, compared to the consensus estimate of $377.60 million. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Analysts expect that Restoration Hardware Holdings will post $1.48 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Restoration Hardware Holdings (NYSE:RH) in a research note to investors on Tuesday, September 3rd. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Restoration Hardware Holdings (NYSE:RH) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $79.90 price target on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Restoration Hardware Holdings (NYSE:RH) from $59.00 to $62.00 in a research note to investors on Friday, June 14th.
One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $58.98.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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