Restoration Hardware Holdings Inc. (NYSE:RH) has been given a $65.00 target price by research analysts at Barclays PLC in a research note issued to investors on Sunday. The brokerage currently has a “hold” rating on the stock. Barclays PLC’s price objective suggests a potential downside of 4.83% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Guggenheim reiterated a “buy” rating and issued a $45.00 target price on shares of Restoration Hardware Holdings in a research report on Thursday, March 23rd. Citigroup Inc. started coverage on shares of Restoration Hardware Holdings in a research report on Friday, April 28th. They issued a “buy” rating and a $56.00 target price for the company. Bank of America Corporation reiterated a “buy” rating and issued a $64.00 target price (up previously from $48.00) on shares of Restoration Hardware Holdings in a research report on Monday, May 15th. Deutsche Bank AG upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $66.00 in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, May 6th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Restoration Hardware Holdings has a consensus rating of “Hold” and an average target price of $49.91.

Shares of Restoration Hardware Holdings (NYSE:RH) traded up 3.48% during mid-day trading on Friday, hitting $68.30. 2,333,203 shares of the company traded hands. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 178.80 and a beta of 1.47. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $71.40. The firm has a 50-day moving average price of $55.23 and a 200 day moving average price of $40.75.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $562.10 million during the quarter, compared to analyst estimates of $560.30 million. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. Restoration Hardware Holdings’s revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS. Equities research analysts anticipate that Restoration Hardware Holdings will post $1.93 EPS for the current fiscal year.

Restoration Hardware Holdings announced that its board has initiated a share repurchase program on Thursday, May 4th that authorizes the company to repurchase $700.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 37.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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Several hedge funds have recently bought and sold shares of the company. Eagle Asset Management bought a new stake in Restoration Hardware Holdings during the third quarter worth about $43,740,000. New England Research & Management bought a new stake in Restoration Hardware Holdings during the fourth quarter worth about $296,000. Searle & Company bought a new stake in Restoration Hardware Holdings during the fourth quarter worth about $332,000. Contravisory Investment Management bought a new stake in Restoration Hardware Holdings during the fourth quarter worth about $6,501,000. Finally, Harvey Capital Management Inc. raised its stake in Restoration Hardware Holdings by 117.0% in the fourth quarter. Harvey Capital Management Inc. now owns 67,255 shares of the company’s stock worth $5,343,000 after buying an additional 36,265 shares during the period.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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