Restoration Hardware Holdings Inc. Forecasted to Post FY2018 Earnings of $2.89 Per Share (RH)
Restoration Hardware Holdings Inc. (NYSE:RH) – Research analysts at Oppenheimer issued their FY2018 earnings per share estimates for Restoration Hardware in a research report issued on Monday. Oppenheimer analyst B. Nagel expects that the company will post earnings of $2.89 per share for the year. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Restoration Hardware’s FY2019 earnings at $4.80 EPS.
A number of other equities research analysts have also recently weighed in on RH. Zacks Investment Research cut shares of Restoration Hardware from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Bank of America restated an “underperform” rating and issued a $44.00 price objective (down from $54.00) on shares of Restoration Hardware in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Restoration Hardware from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Telsey Advisory Group lifted their price objective on shares of Restoration Hardware from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Finally, Buckingham Research upgraded shares of Restoration Hardware from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $88.00 in a research note on Thursday, September 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $79.07.
Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. The business had revenue of $592.50 million for the quarter, compared to analyst estimates of $592.46 million. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS.
In other news, CEO Gary G. Friedman bought 13,959 shares of the company’s stock in a transaction dated Tuesday, September 26th. The shares were acquired at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the transaction, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary G. Friedman bought 10,300 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average cost of $97.09 per share, for a total transaction of $1,000,027.00. Following the completion of the transaction, the chief executive officer now owns 2,245,710 shares of the company’s stock, valued at $218,035,983.90. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of RH. Public Employees Retirement System of Ohio raised 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 valued at $106,000 after purchasing an additional 255 shares during the period. Flinton Capital Management LLC raised 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 valued at $102,000 after purchasing an additional 464 shares during the period. Riverhead Capital Management LLC raised 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 valued at $122,000 after purchasing an additional 698 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Restoration Hardware in the third quarter valued at approximately $274,000. Institutional investors and hedge funds own 95.71% of the company’s stock.
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.
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