Restoration Hardware (NYSE:RH) had its price target boosted by investment analysts at Citigroup from $1.37 to $135.00 in a research report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 28.94% from the stock’s previous close.

RH has been the subject of a number of other reports. Deutsche Bank raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and upped their price target for the stock from $80.00 to $84.00 in a research note on Tuesday, September 26th. BidaskClub lowered shares of Restoration Hardware from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Bank of America reaffirmed an “underperform” rating and issued a $44.00 price target (down from $54.00) on shares of Restoration Hardware in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Thursday, September 7th. Finally, Robert W. Baird set a $60.00 price target on shares of Restoration Hardware and gave the stock a “hold” rating in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Restoration Hardware currently has an average rating of “Hold” and a consensus price target of $78.91.

Restoration Hardware (NYSE:RH) traded up $0.83 during trading on Wednesday, reaching $104.70. 2,189,230 shares of the company’s stock were exchanged, 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 firm has a market cap of $2,165.75, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71. Restoration Hardware has a 52-week low of $24.41 and a 52-week high of $109.53.

Restoration Hardware (NYSE:RH) last posted its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.04. The firm had revenue of $592.50 million for the quarter, compared to analyst estimates of $592.46 million. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. research analysts anticipate that Restoration Hardware will post 2.9 earnings per share for the current year.

In other Restoration Hardware 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 directly owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman bought 13,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was acquired 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 directly owns 2,235,410 shares in the company, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

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

COPYRIGHT VIOLATION NOTICE: “Restoration Hardware (RH) PT Raised to $135.00 at Citigroup” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/06/restoration-hardware-rh-pt-raised-to-135-00-at-citigroup.html.

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.

The Fly

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.