Restoration Hardware Holdings Inc. (RH) Receives “Buy” Rating from Buckingham Research

Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “buy” rating restated by research analysts at Buckingham Research in a report released on Wednesday, MarketBeat.com reports.

Several other brokerages also recently issued reports on RH. Piper Jaffray Companies lifted their price objective on Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, September 7th. Telsey Advisory Group lifted their price objective on Restoration Hardware Holdings from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Thursday, September 7th. Cowen and Company restated a “market perform” rating and set a $61.00 price objective (up from $44.00) on shares of Restoration Hardware Holdings in a research report on Thursday, September 7th. Zacks Investment Research upgraded Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $66.02.

Shares of Restoration Hardware Holdings (NYSE:RH) traded down $2.55 during trading hours on Wednesday, reaching $102.26. 2,199,200 shares of the company were exchanged, compared to its average volume of 2,030,026. The company has a debt-to-equity ratio of -26.72, a quick ratio of 0.27 and a current ratio of 1.50. The firm has a market capitalization of $2,220.00, a P/E ratio of 56.49, a P/E/G ratio of 1.14 and a beta of 1.68. Restoration Hardware Holdings has a 1 year low of $24.41 and a 1 year high of $107.48.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analyst estimates of $606.38 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Restoration Hardware Holdings’s revenue was up 13.2% on a year-over-year basis. analysts predict that Restoration Hardware Holdings will post 2.6 earnings per share for the current fiscal year.

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In other news, CEO Gary G. Friedman bought 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was purchased at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the transaction, the chief executive officer now owns 2,212,051 shares in the company, valued at $156,922,897.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary G. Friedman bought 13,959 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the transaction, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC grew its position in Restoration Hardware Holdings by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after purchasing an additional 464 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after purchasing an additional 255 shares during the last quarter. Riverhead Capital Management LLC grew its position in Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after purchasing an additional 698 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock valued at $166,000 after acquiring an additional 1,328 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Restoration Hardware Holdings in the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.

Restoration Hardware Holdings Company Profile

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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