Restoration Hardware Holdings Inc. (RH) Receives Average Rating of “Hold” from Brokerages
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) have been assigned a consensus recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $63.29.
A number of analysts have issued reports on RH shares. Deutsche Bank AG lowered Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research note on Friday, July 21st. Bank of America Corporation started coverage on Restoration Hardware Holdings in a research note on Monday, July 17th. They issued an “underperform” rating and a $54.00 price target on the stock. Zacks Investment Research raised Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Piper Jaffray Companies raised their price target on Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, September 7th. Finally, Citigroup Inc. lowered Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and raised their price target for the stock from $63.00 to $76.00 in a research note on Monday, July 24th.
Restoration Hardware Holdings (NYSE:RH) traded up 4.33% on Friday, hitting $83.79. The stock had a trading volume of 836,065 shares. The stock’s 50 day moving average is $72.01 and its 200 day moving average is $59.96. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $84.70. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 226.46 and a beta of 1.62.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates 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. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Analysts anticipate that Restoration Hardware Holdings will post $2.60 earnings per share for the current year.
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 cost of $70.94 per share, for a total transaction of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The purchase was disclosed in a legal filing with the SEC, which is accessible through 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 completion of the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Company insiders own 18.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 valued at $155,107,000 after buying an additional 423,925 shares during the period. Amalgamated Bank acquired a new stake in Restoration Hardware Holdings during the 1st quarter valued at approximately $242,000. Highbridge Capital Management LLC acquired a new stake in Restoration Hardware Holdings during the 1st quarter valued at approximately $469,000. PNC Financial Services Group Inc. grew its stake in Restoration Hardware Holdings by 59.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Restoration Hardware Holdings by 186.1% during the 1st quarter. Prudential Financial Inc. now owns 65,020 shares of the company’s stock valued at $3,008,000 after purchasing an additional 42,290 shares in the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.
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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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