Restoration Hardware Holdings (RH) Announces Quarterly Results
Restoration Hardware Holdings (NYSE:RH) released its earnings data on Wednesday. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.07, American Banking & Market News reports. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter last year, the company posted $0.06 earnings per share.
A number of analysts have recently weighed in on RH shares. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Restoration Hardware Holdings in a research note on Tuesday, May 20th. Analysts at Piper Jaffray raised their price target on shares of Restoration Hardware Holdings from $65.00 to $72.00 in a research note on Friday, March 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Restoration Hardware Holdings presently has a consensus rating of “Buy” and an average target price of $78.58.
Shares of Restoration Hardware Holdings (NYSE:RH) traded up 2.82% during mid-day trading on Wednesday, hitting $71.35. 2,880,356 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 52 week low of $54.61 and a 52 week high of $78.50. The stock’s 50-day moving average is $64.28 and its 200-day moving average is $64.62. The company has a market cap of $2.775 billion and a price-to-earnings ratio of 154.20.
In other Restoration Hardware Holdings news, Director Carlos Alberini sold 30,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $67.25, for a total value of $2,017,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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