Restoration Hardware (NYSE:RH) Issues Earnings Results

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, 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 for Restoration Hardware (NYSE:RH)

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