Restoration Hardware (NYSE:RH) announced its quarterly earnings results on Wednesday. The company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.31, Briefing.com reports. The business had revenue of $598.42 million during the quarter, compared to analysts’ expectations of $583.69 million. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 EPS. Restoration Hardware updated its FY 2019 guidance to $8.76-9.27 EPS and its FY20 guidance to $8.76-9.27 EPS.
NYSE:RH opened at $94.89 on Thursday. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $162.10. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.74 and a quick ratio of 0.16. The stock has a market capitalization of $1.71 billion, a PE ratio of 11.11, a P/E/G ratio of 0.90 and a beta of 1.64.
Several equities research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Restoration Hardware in a research report on Wednesday, March 20th. They set an “in-line” rating and a $145.00 price target for the company. Bank of America reissued an “underperform” rating and set a $85.00 price target on shares of Restoration Hardware in a research report on Friday, March 29th. Gordon Haskett raised shares of Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 target price for the company in a research report on Tuesday, June 4th. Robert W. Baird dropped their target price on shares of Restoration Hardware from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, March 29th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $175.00 target price on shares of Restoration Hardware in a research report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Restoration Hardware presently has a consensus rating of “Hold” and a consensus target price of $137.16.
About Restoration Hardware
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
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