Equities research analysts at Bank of America Corporation started coverage on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “underperform” rating on the stock.

RH has been the topic of several other research reports. CIBC reiterated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Friday, March 24th. Goldman Sachs Group, Inc. (The) cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Thursday, March 30th. Deutsche Bank AG upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $66.00 in a research note on Friday, June 23rd. Zacks Investment Research cut shares of Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Buckingham Research upgraded shares of Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.60.

Shares of Restoration Hardware Holdings (RH) opened at 66.00 on Monday. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $71.40. The firm’s 50-day moving average is $55.23 and its 200-day moving average is $40.75. The company has a market cap of $2.19 billion, a PE ratio of 172.77 and a beta of 1.47.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $562.10 million for the quarter, compared to analysts’ expectations of $560.30 million. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. On average, equities analysts anticipate that Restoration Hardware Holdings will post $1.93 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in RH. Public Employees Retirement System of Ohio increased its stake in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares in the last quarter. Sei Investments Co. increased its stake in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $155,000. PNC Financial Services Group Inc. increased its stake in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $195,000.

Restoration Hardware Holdings Company Profile

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.

The Fly

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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