Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective increased by Piper Jaffray Companies to $71.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Piper Jaffray Companies’ price target indicates a potential downside of 0.75% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $52.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a report on Monday, June 5th. Bank of America Corporation reaffirmed a “buy” rating and issued a $64.00 target price (up previously from $48.00) on shares of Restoration Hardware Holdings in a report on Monday, May 15th. Deutsche Bank AG raised shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $66.00 in a report on Friday, June 23rd. Guggenheim reaffirmed a “buy” rating and issued a $75.00 target price (up previously from $60.00) on shares of Restoration Hardware Holdings in a report on Monday, July 17th. Finally, BidaskClub downgraded shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Restoration Hardware Holdings has a consensus rating of “Hold” and a consensus target price of $59.02.

Shares of Restoration Hardware Holdings (NYSE RH) traded up 44.76% during midday trading on Thursday, hitting $71.54. The company had a trading volume of 12,096,226 shares. The firm has a market capitalization of $2.37 billion, a P/E ratio of 187.28 and a beta of 1.53. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $79.91. The stock has a 50 day moving average price of $57.22 and a 200 day moving average price of $51.19.

Restoration Hardware Holdings (NYSE:RH) last issued its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. Restoration Hardware Holdings’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities analysts anticipate that Restoration Hardware Holdings will post $2.14 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC raised its position in shares of Restoration Hardware Holdings by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after buying an additional 464 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Restoration Hardware Holdings by 12.6% during the 1st 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 in the last quarter. Riverhead Capital Management LLC raised its position in shares of Restoration Hardware Holdings by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after buying an additional 698 shares in the last quarter. Sei Investments Co. raised its position in shares of Restoration Hardware Holdings by 36.7% during the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Restoration Hardware Holdings during the 1st quarter valued at about $155,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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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