Restoration Hardware (NYSE:RH) Issues Q3 2019 Earnings Guidance

Restoration Hardware (NYSE:RH) updated its third quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.08-2.18 for the period, compared to the Thomson Reuters consensus estimate of $1.82. The company issued revenue guidance of $672-678 million, compared to the consensus revenue estimate of $669.75 million.Restoration Hardware also updated its FY 2019 guidance to $10.53-10.76 EPS.

Restoration Hardware stock traded up $5.37 during trading on Tuesday, reaching $158.88. The company had a trading volume of 1,901,227 shares, compared to its average volume of 1,033,883. The firm has a market capitalization of $2.77 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.26 and a beta of 1.77. The firm’s 50-day simple moving average is $139.28 and its 200 day simple moving average is $121.14. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $159.04.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.31. The firm had revenue of $598.42 million for the quarter, compared to the consensus estimate of $583.69 million. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. As a group, analysts expect that Restoration Hardware will post 9.43 EPS for the current fiscal year.

RH has been the subject of several analyst reports. Bank of America upgraded Restoration Hardware from an underperform rating to a buy rating and increased their price objective for the company from $85.00 to $165.00 in a report on Thursday, August 1st. Stifel Nicolaus increased their price target on shares of Restoration Hardware from $140.00 to $153.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Gordon Haskett raised Restoration Hardware from a reduce rating to a hold rating and set a $86.50 target price for the company in a research note on Tuesday, June 4th. Loop Capital raised their price target on Restoration Hardware to $160.00 and gave the company an average rating in a report on Thursday, September 5th. Finally, Wells Fargo & Co restated a buy rating and issued a $150.00 price target (down from $160.00) on shares of Restoration Hardware in a research note on Wednesday, June 12th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $142.85.

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now directly owns 1,002 shares of the company’s stock, valued at $150,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 36.40% of the stock is currently owned by insiders.

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, d├ęcor, 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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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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