Restoration Hardware Holdings Inc. (RH) Rating Reiterated by Cowen and Company
Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “market perform” rating reaffirmed by analysts at Cowen and Company in a report released on Thursday. They currently have a $61.00 target price on the stock, up from their prior target price of $44.00. Cowen and Company’s target price suggests a potential downside of 14.73% from the company’s current price.
Several other research analysts have also recently weighed in on RH. UBS AG restated a “neutral” rating and issued a $45.00 price objective on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Bank of America Corporation boosted their price objective on shares of Restoration Hardware Holdings from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. BidaskClub cut shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC set a $65.00 price objective on shares of Restoration Hardware Holdings and gave the stock a “hold” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $57.12.
Shares of Restoration Hardware Holdings (RH) traded up 44.76% during trading on Thursday, reaching $71.54. The company’s stock had a trading volume of 12,096,226 shares. The company has a market capitalization of $2.37 billion, a P/E ratio of 187.28 and a beta of 1.53. The company’s 50-day moving average is $57.22 and its 200-day moving average is $51.19. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $79.91.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data 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. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The firm had revenue of $615.30 million during the quarter, compared to analysts’ expectations of $606.38 million. During the same quarter in the previous year, the company posted $0.44 EPS. Restoration Hardware Holdings’s revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that Restoration Hardware Holdings will post $2.14 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC grew its holdings in shares of Restoration Hardware Holdings by 41.4% in 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 during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Restoration Hardware Holdings by 12.6% in 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 during the period. Riverhead Capital Management LLC grew its holdings in shares of Restoration Hardware Holdings by 58.2% in 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 during the period. Sei Investments Co. grew its holdings in shares of Restoration Hardware Holdings by 36.7% in 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 during the period. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Restoration Hardware Holdings in the 1st quarter valued at $155,000. 95.53% of the stock is owned by institutional investors.
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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