Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, The Fly reports.

Several other research analysts have also issued reports on RH. Telsey Advisory Group raised their price target on shares of Restoration Hardware Holdings from $33.00 to $41.00 and gave the stock a “market perform” rating in a report on Wednesday, March 29th. UBS AG raised their price target on shares of Restoration Hardware Holdings from $34.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, March 29th. Guggenheim raised their price target on shares of Restoration Hardware Holdings from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 29th. Deutsche Bank AG raised their price target on shares of Restoration Hardware Holdings from $31.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, March 29th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and set a $44.00 price target for the company. in a report on Thursday, March 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $50.65.

Restoration Hardware Holdings (NYSE RH) opened at 74.09 on Monday. The firm has a market cap of $2.46 billion, a PE ratio of 193.95 and a beta of 1.47. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The company’s 50-day moving average is $59.51 and its 200-day moving average is $44.46.

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

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

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Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in 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 valued at $106,000 after buying an additional 255 shares during the last quarter. Sei Investments Co. increased its stake in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares during the last quarter. Advisory Services Network LLC increased its stake in 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 last quarter. Teacher Retirement System of Texas increased its stake in 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 last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in Restoration Hardware Holdings during the first quarter valued at about $155,000.

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.

The Fly

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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