Restoration Hardware Holdings Inc. (RH) Receives Average Recommendation of “Hold” from Analysts
Restoration Hardware Holdings Inc. (NYSE:RH) has received an average rating of “Hold” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $54.56.
RH has been the subject of a number of research reports. Deutsche Bank AG raised Restoration Hardware Holdings from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $66.00 in a report on Friday, June 23rd. Zacks Investment Research downgraded Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Buckingham Research raised Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a report on Monday, May 8th. KeyCorp reaffirmed an “overweight” rating and set a $56.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a report on Friday, June 2nd. Finally, BidaskClub raised Restoration Hardware Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th.
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Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position 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 worth $106,000 after buying an additional 255 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in 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 during the period. HighTower Advisors LLC bought a new position in Restoration Hardware Holdings during the first quarter worth $204,000. Credit Suisse AG bought a new position in Restoration Hardware Holdings during the first quarter worth $15,995,000. Finally, Tudor Investment Corp ET AL bought a new position in Restoration Hardware Holdings during the first quarter worth $327,000.
Shares of Restoration Hardware Holdings (NYSE:RH) traded down 2.15% during trading on Tuesday, reaching $57.34. The company’s stock had a trading volume of 975,325 shares. The firm’s 50-day moving average is $64.98 and its 200-day moving average is $47.20. Restoration Hardware Holdings has a 12-month low of $24.41 and a 12-month high of $79.91. The stock has a market capitalization of $1.90 billion, a PE ratio of 150.10 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 consensus estimate of $0.05. The business 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%. The company’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. Equities analysts expect that Restoration Hardware Holdings will post $2.14 earnings per share for the current year.
Restoration Hardware Holdings declared that its board has authorized a share buyback program on Thursday, May 4th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 37.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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.
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