Restoration Hardware Holdings’ (RH) “Hold” Rating Reaffirmed at Oppenheimer Holdings, Inc.
Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “hold” rating reissued by Oppenheimer Holdings, Inc. in a research note issued on Thursday.
A number of other brokerages have also issued reports on RH. Deutsche Bank AG lowered Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Friday, July 21st. BidaskClub lowered Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. lowered Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $63.00 to $76.00 in a report on Monday, July 24th. KeyCorp lowered Restoration Hardware Holdings to an “overweight” rating and set a $65.86 price objective for the company. in a report on Friday, July 14th. They noted that the move was a valuation call. Finally, Telsey Advisory Group increased their price objective on Restoration Hardware Holdings from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $57.12.
Shares of Restoration Hardware Holdings (NYSE:RH) traded up 44.76% on Thursday, hitting $71.54. The company’s stock had a trading volume of 12,096,226 shares. The company has a 50 day moving average of $57.22 and a 200 day moving average of $51.19. The firm has a market cap of $2.37 billion, a PE 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.
Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Equities analysts forecast that Restoration Hardware Holdings will post $2.14 EPS for the current year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teton Advisors Inc. boosted its stake in shares of Restoration Hardware Holdings by 43.5% during the 1st quarter. Teton Advisors Inc. now owns 15,500 shares of the company’s stock worth $717,000 after acquiring an additional 4,700 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Restoration Hardware Holdings during the 1st quarter worth $1,879,000. Vanguard Group Inc. boosted its stake in shares of Restoration Hardware Holdings by 14.5% during the 1st quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after acquiring an additional 423,925 shares in the last quarter. Chescapmanager LLC bought a new stake in shares of Restoration Hardware Holdings during the 1st quarter worth $13,230,000. Finally, Amalgamated Bank bought a new stake in shares of Restoration Hardware Holdings during the 1st quarter worth $242,000. 95.53% of the stock is owned by institutional investors and hedge funds.
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.
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