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.

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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.

The Fly

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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