Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by stock analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports. They presently have a $76.00 price target on the stock, up from their prior price target of $63.00. Citigroup Inc.’s price objective would indicate a potential upside of 1.13% from the company’s previous close.

A number of other equities analysts also recently commented on the company. UBS AG boosted their price objective on Restoration Hardware Holdings from $34.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 29th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, May 6th. Cowen and Company boosted their price objective on Restoration Hardware Holdings from $33.00 to $44.00 and gave the stock a “market perform” rating in a research report on Thursday, March 30th. Zacks Investment Research downgraded Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Deutsche Bank AG boosted their price objective on Restoration Hardware Holdings from $31.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, March 29th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.86.

Restoration Hardware Holdings (NYSE RH) traded up 1.67% on Monday, hitting $75.33. 702,252 shares of the stock were exchanged. The stock’s 50 day moving average price is $59.51 and its 200 day moving average price is $44.46. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The firm has a market cap of $2.50 billion, a PE ratio of 197.20 and a beta of 1.47.

Restoration Hardware Holdings (NYSE:RH) last released its earnings results on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $562.10 million during the quarter, compared to the consensus estimate of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. Restoration Hardware Holdings’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 research analysts forecast that Restoration Hardware Holdings will post $2.10 earnings per share for the current year.

Restoration Hardware Holdings declared that its Board of Directors has authorized a share buyback program on Thursday, May 4th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to buy up to 37.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position 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. Teachers Retirement System of The State of Kentucky raised its position in shares of Restoration Hardware Holdings by 24.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,440 shares of the company’s stock worth $529,000 after buying an additional 2,240 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Restoration Hardware Holdings during the first quarter worth $204,000. Credit Suisse AG acquired a new position in shares of Restoration Hardware Holdings during the first quarter worth $15,995,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Restoration Hardware Holdings during the first quarter worth $327,000.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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