Restoration Hardware Holdings Given Consensus Recommendation of “Buy” by Analysts (NYSE:RH)
Restoration Hardware Holdings (NYSE:RH) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, American Banking News reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.32.
RH has been the subject of a number of recent research reports. Analysts at BB&T Corp. initiated coverage on shares of Restoration Hardware Holdings in a research note on Friday. They set a “buy” rating and a $73.00 price target on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday, December 18th. They set a “buy” rating and a $80.00 price target on the stock. Finally, analysts at Avondale Partners initiated coverage on shares of Restoration Hardware Holdings in a research note on Monday, December 16th. They set an “outperform” rating on the stock.
Shares of Restoration Hardware Holdings (NYSE:RH) traded up 1.24% during mid-day trading on Monday, hitting $64.35. The stock had a trading volume of 212,316 shares. Restoration Hardware Holdings has a 52 week low of $32.02 and a 52 week high of $78.50. The stock has a 50-day moving average of $59.77 and a 200-day moving average of $66.3. The company’s market cap is $2.504 billion.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.04. The company had revenue of $395.80 million for the quarter, compared to the consensus estimate of $390.76 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 39.3% on a year-over-year basis. On average, analysts predict that Restoration Hardware Holdings will post $1.73 earnings per share for the current fiscal year.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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