Restoration Hardware Holdings Inc. (RH) Given Consensus Rating of “Hold” by Brokerages
Restoration Hardware Holdings Inc. (NYSE:RH) has been assigned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $47.97.
Several research firms recently commented on RH. Robert W. Baird set a $32.00 price target on Restoration Hardware Holdings and gave the stock a “hold” rating in a research report on Saturday, February 25th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, April 8th. Zacks Investment Research downgraded Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 6th. Vetr downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $35.67 price objective on the stock. in a report on Monday, March 13th. Finally, Cowen and Company lifted their price objective on Restoration Hardware Holdings from $33.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, March 30th.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teton Advisors Inc. increased its position in shares of Restoration Hardware Holdings by 43.5% in the first quarter. Teton Advisors Inc. now owns 15,500 shares of the company’s stock worth $717,000 after buying an additional 4,700 shares during the last quarter. Addison Capital Co increased its position in shares of Restoration Hardware Holdings by 44.7% in the first quarter. Addison Capital Co now owns 53,517 shares of the company’s stock worth $2,476,000 after buying an additional 16,536 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Restoration Hardware Holdings by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,295 shares of the company’s stock worth $9,925,000 after buying an additional 1,106 shares during the last quarter. Comerica Bank increased its position in shares of Restoration Hardware Holdings by 6.1% in the fourth quarter. Comerica Bank now owns 28,053 shares of the company’s stock worth $861,000 after buying an additional 1,620 shares during the last quarter. Finally, Capstone Asset Management Co. bought a new position in shares of Restoration Hardware Holdings during the first quarter worth approximately $538,000.
Shares of Restoration Hardware Holdings (NYSE RH) traded up 1.94% on Monday, hitting $53.47. 2,725,965 shares of the stock traded hands. The firm’s 50 day moving average is $53.80 and its 200-day moving average is $39.27. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $60.11. The company has a market cap of $1.77 billion, a PE ratio of 139.97 and a beta of 1.49.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $562.10 million for the quarter, compared to analyst estimates of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. Equities analysts predict that Restoration Hardware Holdings will post $1.82 earnings per share for the current year.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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