Restoration Hardware Holdings Inc. (RH) Upgraded at Buckingham Research
Restoration Hardware Holdings Inc. (NYSE:RH) was upgraded by Buckingham Research from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday.
A number of other equities analysts have also weighed in on RH. Cowen and Company dropped their price objective on Restoration Hardware Holdings to $35.00 in a research note on Thursday, June 9th. Deutsche Bank AG lowered Restoration Hardware Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $35.00 in a research note on Thursday, June 9th. Longbow Research lowered Restoration Hardware Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 9th. Raymond James Financial Inc. lowered Restoration Hardware Holdings from a “strong-buy” rating to a “market perform” rating and set a $28.96 price objective for the company. in a research note on Thursday, June 9th. Finally, Telsey Advisory Group downgraded Restoration Hardware Holdings from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $49.00 to $30.00 in a research report on Thursday, June 9th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.03.
Shares of Restoration Hardware Holdings (NYSE:RH) traded down 1.58% during trading on Friday, hitting $33.67. The company had a trading volume of 1,433,652 shares. The firm’s 50 day moving average is $33.97 and its 200-day moving average is $34.12. Restoration Hardware Holdings has a 52 week low of $24.75 and a 52 week high of $106.49. The stock has a market capitalization of $1.37 billion, a P/E ratio of 29.28 and a beta of 1.42.
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Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. The firm earned $543.40 million during the quarter, compared to analyst estimates of $511.80 million. Restoration Hardware Holdings had a return on equity of 9.47% and a net margin of 2.18%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Equities research analysts anticipate that Restoration Hardware Holdings will post $1.65 EPS for the current fiscal year.
In other news, CEO Gary G. Friedman acquired 32,918 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were bought at an average price of $27.59 per share, with a total value of $908,207.62. Following the completion of the purchase, the chief executive officer now directly owns 2,207,451 shares in the company, valued at $60,903,573.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of Restoration Hardware Holdings during the second quarter valued at about $288,000. Douglass Winthrop Advisors LLC purchased a new position in shares of Restoration Hardware Holdings during the second quarter valued at about $373,000. Advisory Services Network LLC boosted its position in shares of Restoration Hardware Holdings by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock valued at $147,000 after buying an additional 300 shares during the period. Advantus Capital Management Inc purchased a new position in shares of Restoration Hardware Holdings during the second quarter valued at about $131,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Restoration Hardware Holdings by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 5,218 shares of the company’s stock valued at $150,000 after buying an additional 528 shares during the period. 98.58% of the stock is currently owned by institutional investors.
Restoration Hardware Holdings Company Profile
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
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