Restoration Hardware (NYSE:RH) Releases Q4 2019 Earnings Guidance

Restoration Hardware (NYSE:RH) updated its fourth quarter 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.33-3.45 for the period. The company issued revenue guidance of $703-711 million.Restoration Hardware also updated its FY 2019 guidance to $10.53-10.76 EPS.

RH traded up $5.37 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 business has a 50 day simple moving average of $139.28 and a 200 day simple moving average of $121.14. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.26 and a beta of 1.77. Restoration Hardware has a 52-week low of $84.11 and a 52-week high of $159.04.

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

A number of research analysts have recently issued reports on RH shares. Telsey Advisory Group reaffirmed a market perform rating and set a $140.00 price objective (up from $130.00) on shares of Restoration Hardware in a research note on Tuesday, July 30th. Wells Fargo & Co reissued a buy rating and issued a $150.00 target price (down previously from $160.00) on shares of Restoration Hardware in a research note on Wednesday, June 12th. Goldman Sachs Group assumed coverage on Restoration Hardware in a report on Thursday, July 11th. They set a neutral rating and a $129.00 target price for the company. Loop Capital lifted their price target on Restoration Hardware to $160.00 and gave the stock an average rating in a research note on Thursday, September 5th. Finally, Bank of America raised shares of Restoration Hardware from an underperform rating to a buy rating and lifted their target price for the stock from $85.00 to $165.00 in a research note on Thursday, August 1st. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Restoration Hardware has a consensus rating of Hold and an average target price of $142.85.

In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the completion of the transaction, the director now owns 1,002 shares in the company, valued at approximately $150,300. The transaction was disclosed in a document filed with the SEC, which is available at 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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