Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by equities research analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research note issued on Friday.

RH has been the topic of a number of other research reports. CIBC restated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Friday, March 24th. Goldman Sachs Group, Inc. (The) downgraded Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Thursday, March 30th. Zacks Investment Research downgraded Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Buckingham Research upgraded Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, May 8th. Finally, KeyCorp restated an “overweight” rating and issued a $56.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Hold” and a consensus price target of $50.65.

Restoration Hardware Holdings (RH) traded down 3.43% during mid-day trading on Friday, reaching $74.09. The company’s stock had a trading volume of 1,832,798 shares. The firm has a 50 day moving average price of $59.51 and a 200 day moving average price of $44.46. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 193.95 and a beta of 1.48.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The firm had revenue of $562.10 million for the quarter, compared to the consensus estimate of $560.30 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s revenue was up 23.4% compared to the same quarter last year. Equities research analysts anticipate that Restoration Hardware Holdings will post $2.10 earnings per share for the current year.

Restoration Hardware Holdings announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 4th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 37.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Restoration Hardware Holdings by 18,735.0% in the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after buying an additional 4,655,842 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after buying an additional 423,925 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $15,995,000. Ameriprise Financial Inc. boosted its stake in shares of Restoration Hardware Holdings by 144.9% in the first quarter. Ameriprise Financial Inc. now owns 580,199 shares of the company’s stock worth $26,840,000 after buying an additional 343,334 shares during the last quarter. Finally, Chescapmanager LLC acquired a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $13,230,000.

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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