Restoration Hardware (NYSE:RH) had its price objective boosted by analysts at Barclays from $65.00 to $120.00 in a report released on Wednesday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would indicate a potential upside of 14.61% from the company’s current price.

Other analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of Restoration Hardware from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Thursday, September 7th. Buckingham Research raised shares of Restoration Hardware from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $88.00 in a report on Thursday, September 7th. Deutsche Bank raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $84.00 in a report on Tuesday, September 26th. Finally, Guggenheim reaffirmed a “buy” rating and set a $95.00 price objective (up from $75.00) on shares of Restoration Hardware in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Restoration Hardware has a consensus rating of “Hold” and a consensus target price of $78.91.

Restoration Hardware (RH) traded up $0.83 during mid-day trading on Wednesday, reaching $104.70. 2,189,230 shares of the company’s stock traded hands, compared to its average volume of 1,983,937. 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 company has a market capitalization of $2,165.75, a P/E ratio of 65.22, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71. Restoration Hardware has a 12 month low of $24.41 and a 12 month high of $109.53.

Restoration Hardware (NYSE:RH) last posted its earnings results on Tuesday, December 5th. The company reported $1.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. The business had revenue of $592.50 million during the quarter, compared to the consensus estimate of $592.46 million. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. sell-side analysts expect that Restoration Hardware will post 2.9 earnings per share for the current fiscal year.

In related news, CEO Gary G. Friedman bought 13,959 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average cost 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 in the company, valued at $160,144,772.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary G. Friedman bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the purchase, the chief executive officer now owns 2,212,051 shares in the company, valued at $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in Restoration Hardware by 12.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares during the last quarter. Flinton Capital Management LLC raised its stake in Restoration Hardware by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after purchasing an additional 464 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Restoration Hardware by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Restoration Hardware during the 3rd quarter valued at $274,000. Finally, Teachers Advisors LLC acquired a new position in Restoration Hardware during the 1st quarter valued at $3,165,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.

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About Restoration Hardware

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.

Analyst Recommendations for Restoration Hardware (NYSE:RH)

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