Restoration Hardware Holdings Inc. (NYSE:RH) had its price target boosted by Bank of America Corporation from $44.00 to $50.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the stock. Bank of America Corporation’s price objective points to a potential downside of 29.23% from the stock’s current price.

Several other equities research analysts also recently weighed in on RH. Wolfe Research increased their price target on Restoration Hardware Holdings from $40.00 to $50.00 and gave the stock a “peer perform” rating in a report on Friday, May 12th. Deutsche Bank AG increased their price target on Restoration Hardware Holdings from $40.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, May 12th. Buckingham Research raised Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a report on Monday, May 15th. KeyCorp reaffirmed an “overweight” rating and set a $56.00 price target (down from $62.00) on shares of Restoration Hardware Holdings in a report on Friday, June 2nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $44.00 price target (down from $50.00) on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.55.

Restoration Hardware Holdings (NYSE RH) traded down 1.24% during trading on Thursday, hitting $70.65. 4,626,642 shares of the stock traded hands. The stock has a market cap of $2.34 billion, a P/E ratio of 184.95 and a beta of 1.53. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $79.91. The firm’s 50-day moving average is $56.88 and its 200-day moving average is $51.47. Restoration Hardware Holdings also was the recipient of unusually large options trading on Thursday. Stock investors acquired 15,757 put options on the stock. This is an increase of 342% compared to the typical volume of 3,563 put options.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analyst estimates of $606.38 million. During the same period in the prior year, the business earned $0.44 earnings per share. Restoration Hardware Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts forecast that Restoration Hardware Holdings will post $2.50 EPS for the current year.

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Several hedge funds have recently made changes to their positions in RH. Flinton Capital Management LLC increased its position in shares of Restoration Hardware Holdings by 41.4% in the second 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 increased 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 valued at $106,000 after buying an additional 255 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Restoration Hardware Holdings by 58.2% in the second 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. increased its position in shares of Restoration Hardware Holdings by 36.7% in the first 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 position in shares of Restoration Hardware Holdings in the first quarter valued at $155,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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