Restoration Hardware (NYSE:RH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “RH’s third-quarter earnings per share were in line with the Zacks Consensus Estimate while revenues beat the same. The company reported strong earnings despite the adverse effect of hurricanes Harvey and Irma, increasing more than 400% year over year. Total revenues increased 8% and comparable brand revenues rose 6% year over year. Adjusted operating margin expanded 480 bps and adjusted gross margin improved 460 bps to 34.1%. The new membership model (RH Members Program) is improving its brand image, streamlining operations and enhancing customer experience. Also, efforts to redesign its supply chain network and rationalize product offerings bode well.”

Other analysts have also issued research reports about the company. Bank of America boosted their price target on Restoration Hardware from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Buckingham Research upgraded Restoration Hardware from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $46.00 to $88.00 in a research report on Thursday, September 7th. Guggenheim restated a “buy” rating and issued a $95.00 price objective (up from $75.00) on shares of Restoration Hardware in a research report on Wednesday, October 4th. Deutsche Bank upgraded Restoration Hardware from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $84.00 in a research report on Tuesday, September 26th. Finally, Citigroup upgraded Restoration Hardware from a “neutral” rating to a “buy” rating in a research report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $78.91.

Restoration Hardware (NYSE:RH) traded up $0.83 during trading hours on Thursday, reaching $104.70. The company’s stock had a trading volume of 2,189,400 shares, compared to its average volume of 1,983,942. Restoration Hardware has a twelve month low of $24.41 and a twelve month high of $109.53. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. The company has a market capitalization of $2,197.06, a price-to-earnings ratio of 42.92, a PEG ratio of 1.22 and a beta of 1.71.

Restoration Hardware (NYSE:RH) last released its quarterly earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. Restoration Hardware had a return on equity of 14.77% and a net margin of 0.45%. The business had revenue of $592.50 million during the quarter, compared to analyst estimates of $592.46 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Restoration Hardware’s revenue for the quarter was up 7.9% on a year-over-year basis. equities analysts anticipate that Restoration Hardware will post 2.9 earnings per share for the current year.

In other news, CEO Gary G. Friedman bought 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, the chief executive officer now 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman bought 13,959 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the completion of the transaction, 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. 18.80% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of RH. Teachers Advisors LLC purchased a new stake in shares of Restoration Hardware in the first quarter worth about $3,165,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Restoration Hardware in the third quarter worth about $274,000. Riverhead Capital Management LLC lifted its position in shares of Restoration Hardware by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of Restoration Hardware by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after buying an additional 464 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Restoration Hardware by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.

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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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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