Restoration Hardware (RH) Announces Earnings Results
Restoration Hardware (NYSE:RH) released its earnings results on Tuesday. The company reported $1.04 EPS for the quarter, hitting analysts’ consensus estimates of $1.04, Briefing.com reports. The firm had revenue of $592.50 million for the quarter, compared to the consensus estimate of $592.46 million. During the same period in the prior year, the business earned $0.20 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Restoration Hardware updated its Q4 guidance to $1.47-1.59 EPS.
Shares of Restoration Hardware (NYSE:RH) opened at $103.87 on Wednesday. Restoration Hardware has a 1-year low of $24.41 and a 1-year high of $107.48. The company has a debt-to-equity ratio of -26.72, a current ratio of 1.50 and a quick ratio of 0.27. The stock has a market capitalization of $2,165.75, a P/E ratio of 65.22, a P/E/G ratio of 1.21 and a beta of 1.71.
A number of research firms have commented on RH. Barclays increased their target price on Restoration Hardware to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup increased their target price on Restoration Hardware from $1.37 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. Moffett Nathanson began coverage on Restoration Hardware in a report on Monday. They set a “neutral” rating on the stock. BidaskClub downgraded Restoration Hardware from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Loop Capital reissued a “hold” rating and issued a $55.00 price target on shares of Restoration Hardware in a report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $78.91.
Restoration Hardware 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.
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