Restoration Hardware Holdings, Inc (NYSE:RH) – Stock analysts at William Blair lowered their Q2 2020 earnings estimates for Restoration Hardware in a research report issued on Wednesday, June 12th. William Blair analyst D. Hofkin now forecasts that the company will post earnings of $2.40 per share for the quarter, down from their prior forecast of $2.49. William Blair also issued estimates for Restoration Hardware’s Q3 2020 earnings at $2.04 EPS.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.31. The firm had revenue of $598.42 million during the quarter, compared to analysts’ expectations of $583.69 million. Restoration Hardware had a net margin of 6.22% and a return on equity of 436.75%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share.
Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Restoration Hardware from a “hold” rating to a “sell” rating and set a $92.00 price target for the company. in a report on Thursday, May 30th. Stifel Nicolaus boosted their price target on shares of Restoration Hardware from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. They noted that the move was a valuation call. Bank of America reiterated an “underperform” rating and set a $85.00 price target on shares of Restoration Hardware in a report on Friday, March 29th. Gordon Haskett upgraded shares of Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 price target for the company in a report on Tuesday, June 4th. Finally, Deutsche Bank cut shares of Restoration Hardware from a “buy” rating to a “hold” rating and lowered their price target for the stock from $185.00 to $124.00 in a report on Friday, March 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $137.16.
Shares of RH stock opened at $109.91 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.74 and a debt-to-equity ratio of 26.22. The company has a market capitalization 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 fifty-two week low of $84.11 and a fifty-two week high of $162.10.
A hedge fund recently bought a new stake in Restoration Hardware stock. Hodges Capital Management Inc. bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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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