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, 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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