Loop Capital Increases Restoration Hardware Holdings Inc. (RH) Price Target to $65.00
Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective upped by Loop Capital to $65.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s target price indicates a potential downside of 12.40% from the stock’s previous close.
Several other research analysts have also recently issued reports on RH. Deutsche Bank AG raised Restoration Hardware Holdings from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $84.00 in a research note on Tuesday, September 26th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Restoration Hardware Holdings in a research note on Sunday, June 18th. KeyCorp reissued a “sector weight” rating on shares of Restoration Hardware Holdings in a research note on Monday, July 17th. BidaskClub cut Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $44.00 price objective (down previously from $54.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.33.
Shares of Restoration Hardware Holdings (RH) traded up 4.239% during trading on Wednesday, hitting $77.345. The stock had a trading volume of 598,508 shares. The company has a market cap of $1.64 billion, a PE ratio of 209.041 and a beta of 1.62. The stock has a 50 day moving average of $64.35 and a 200 day moving average of $58.06. 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 released its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Equities analysts forecast that Restoration Hardware Holdings will post $2.59 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/11/loop-capital-increases-restoration-hardware-holdings-inc-rh-price-target-to-65-00.html.
In other news, CEO Gary G. Friedman bought 13,959 shares of Restoration Hardware Holdings stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the purchase, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary G. Friedman bought 14,000 shares of Restoration Hardware Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $70.94 per share, with a total value of $993,160.00. Following the purchase, the chief executive officer now directly owns 2,212,051 shares in the company, valued at $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of RH. Swiss National Bank raised its stake in Restoration Hardware Holdings by 2.9% in the 1st quarter. Swiss National Bank now owns 60,130 shares of the company’s stock worth $2,782,000 after acquiring an additional 1,700 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Restoration Hardware Holdings by 137.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 19,279 shares of the company’s stock worth $892,000 after acquiring an additional 11,173 shares during the last quarter. Karp Capital Management Corp purchased a new position in Restoration Hardware Holdings in the 1st quarter worth $338,000. Sei Investments Co. raised its stake in Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after acquiring an additional 730 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Restoration Hardware Holdings in the 1st quarter worth $155,000. Institutional investors own 95.71% 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.
Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.