Restoration Hardware Holdings Inc. (NYSE:RH) – Equities researchers at William Blair upped their Q4 2018 earnings per share estimates for shares of Restoration Hardware Holdings in a research report issued to clients and investors on Wednesday. William Blair analyst D. Hofkin now anticipates that the company will post earnings per share of $1.45 for the quarter, up from their previous estimate of $1.40. William Blair also issued estimates for Restoration Hardware Holdings’ Q1 2019 earnings at $0.11 EPS.

RH has been the topic of several other reports. Deutsche Bank AG upgraded Restoration Hardware Holdings from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $84.00 in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Restoration Hardware Holdings in a report on Sunday, June 18th. KeyCorp reiterated a “sector weight” rating on shares of Restoration Hardware Holdings in a report on Monday, July 17th. BidaskClub lowered Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Loop Capital reiterated a “hold” rating and set a $45.00 target price on shares of Restoration Hardware Holdings in a report on Tuesday, June 20th. Two research analysts have rated the stock with a sell rating, thirteen 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 a consensus price target of $62.02.

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Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. During the same period in the prior year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Restoration Hardware Holdings by 18,735.0% during the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock worth $216,529,000 after acquiring an additional 4,655,842 shares in the last quarter. Vanguard Group Inc. raised its holdings in Restoration Hardware Holdings by 14.5% during the first 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. Credit Suisse AG bought a new stake in Restoration Hardware Holdings during the first quarter worth about $15,995,000. Geode Capital Management LLC raised its holdings in Restoration Hardware Holdings by 9.9% during the first quarter. Geode Capital Management LLC now owns 309,328 shares of the company’s stock worth $14,309,000 after acquiring an additional 27,821 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Restoration Hardware Holdings by 102.4% during the first quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock worth $13,671,000 after buying an additional 149,509 shares during the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.

In related news, CEO Gary G. Friedman bought 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the acquisition, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary G. Friedman bought 13,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the acquisition, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.

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.

Earnings History and Estimates for Restoration Hardware Holdings (NYSE:RH)

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