Restoration Hardware Holdings Rating Reiterated by Goldman Sachs (RH)
Restoration Hardware Holdings (NYSE:RH)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs in a research note issued to investors on Tuesday. They currently have a $100.00 price objective on the stock. Goldman Sachs’ target price suggests a potential upside of 7.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on RH. Analysts at Barrington Research initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Bank of America upgraded shares of Restoration Hardware Holdings from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 25th. They now have a $110.00 price target on the stock, up previously from $85.00. Finally, analysts at Wells Fargo & Co. raised their price target on shares of Restoration Hardware Holdings to $88.00 in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Buy” and a consensus target price of $86.36.
Restoration Hardware Holdings (NYSE:RH) opened at 93.05 on Tuesday. Restoration Hardware Holdings has a 52-week low of $54.61 and a 52-week high of $94.50. The stock’s 50-day moving average is $73.90 and its 200-day moving average is $66.16. The company has a market cap of $3.664 billion and a P/E ratio of 191.46.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, June 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, analysts predict that Restoration Hardware Holdings will post $2.31 earnings per share for the current fiscal year.
In other Restoration Hardware Holdings news, Director Kathleen C. Mitic bought 2,800 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average price of $93.00 per share, for a total transaction of $260,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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