Restoration Hardware Holdings, Inc (NYSE:RH) – Stock analysts at Wedbush upped their Q2 2020 earnings estimates for Restoration Hardware in a research report issued on Thursday, June 13th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $2.43 per share for the quarter, up from their prior forecast of $2.22. Wedbush has a “Outperform” rating and a $160.00 price target on the stock. Wedbush also issued estimates for Restoration Hardware’s Q3 2020 earnings at $1.94 EPS, Q4 2020 earnings at $3.00 EPS, FY2020 earnings at $9.21 EPS and FY2021 earnings at $10.50 EPS.
Restoration Hardware (NYSE:RH) last posted its earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.31. The company had revenue of $598.42 million during the quarter, compared to the consensus estimate of $583.69 million. Restoration Hardware had a net margin of 6.22% and a return on equity of 436.75%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share.
A number of other research firms have also recently weighed in on RH. Cowen reaffirmed a “market perform” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Restoration Hardware in a report on Friday, March 29th. Wolfe Research cut shares of Restoration Hardware from an “outperform” rating to a “market perform” rating in a report on Monday, April 1st. Evercore ISI assumed coverage on shares of Restoration Hardware in a report on Wednesday, March 20th. They issued an “in-line” rating and a $145.00 price objective for the company. Citigroup cut their price objective on shares of Restoration Hardware from $200.00 to $157.00 and set a “buy” rating for the company in a report on Monday, April 1st. Finally, Wells Fargo & Co cut their price objective on shares of Restoration Hardware from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, March 29th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $137.16.
NYSE RH opened at $109.91 on Friday. The firm has a market cap of $1.74 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.91 and a beta of 1.64. Restoration Hardware has a 1 year low of $84.11 and a 1 year 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.
A hedge fund recently bought a new stake in Restoration Hardware stock. Hodges Capital Management Inc. bought a new position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,807 shares of the company’s stock, valued at approximately $456,000.
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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