Restoration Hardware (NYSE:RH) issued its quarterly earnings results on Tuesday. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.50, Morningstar.com reports. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%.
Restoration Hardware stock opened at $158.88 on Wednesday. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $159.04. The firm has a market capitalization of $2.85 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.77. The company’s 50-day moving average is $139.93 and its 200 day moving average is $121.20.
In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of the business’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 transaction of $300,000.00. Following the completion of the transaction, the director now owns 1,002 shares in the company, valued at $150,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 36.40% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Tiverton Asset Management LLC bought a new stake in shares of Restoration Hardware in the second quarter valued at about $56,000. Griffin Asset Management Inc. purchased a new stake in Restoration Hardware in the second quarter worth about $62,000. Finally, Mason Street Advisors LLC lifted its stake in Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock worth $617,000 after acquiring an additional 198 shares during the period.
A number of equities research analysts have commented on RH shares. Goldman Sachs Group assumed coverage on Restoration Hardware in a report on Thursday, July 11th. They set a “neutral” rating and a $129.00 price target on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $175.00 price objective (up previously from $150.00) on shares of Restoration Hardware in a research note on Wednesday. Loop Capital upped their price objective on Restoration Hardware to $160.00 and gave the stock an “average” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 target price for the company in a research report on Friday, June 14th. Finally, Gordon Haskett raised Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 target price on the stock in a research note on Tuesday, June 4th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Restoration Hardware currently has a consensus rating of “Hold” and an average price target of $148.91.
Restoration Hardware Company Profile
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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