Restoration Hardware (NYSE:RH) PT Raised to $120.00

Restoration Hardware (NYSE:RH) had its price target hoisted by Barclays from $65.00 to $120.00 in a research report released on Wednesday, December 6th. They currently have an equal weight rating on the stock.

RH has been the topic of several other reports. Zacks Investment Research cut Restoration Hardware from a buy rating to a hold rating in a report on Wednesday, November 15th. BidaskClub cut Restoration Hardware from a sell rating to a strong sell rating in a report on Friday, August 25th. Deutsche Bank raised their target price on shares of Restoration Hardware from $100.00 to $100.00 and gave the stock a buy rating in a research note on Tuesday, November 14th. Loop Capital raised their target price on shares of Restoration Hardware from $55.00 to $65.00 and gave the stock a hold rating in a research note on Wednesday, October 11th. Finally, Moffett Nathanson began coverage on shares of Restoration Hardware in a research note on Monday, December 4th. They issued a neutral rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $79.07.

Restoration Hardware (RH) traded down $4.51 during mid-day trading on Wednesday, reaching $86.21. The company had a trading volume of 939,636 shares, compared to its average volume of 1,074,430. The company has a current ratio of 1.47, a quick ratio of 0.28 and a debt-to-equity ratio of -48.40. Restoration Hardware has a 12 month low of $24.41 and a 12 month high of $109.53. The firm has a market cap of $1,933.24, a PE ratio of 215.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.71.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.04. Restoration Hardware had a return on equity of 20.04% and a net margin of 0.45%. The company had revenue of $592.50 million for the quarter, compared to analysts’ expectations of $592.46 million. During the same period in the previous year, the firm posted $0.20 EPS. Restoration Hardware’s revenue was up 7.9% compared to the same quarter last year. equities research analysts anticipate that Restoration Hardware will post 2.92 earnings per share for the current fiscal year.

In other news, CEO Gary G. Friedman bought 10,300 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of $97.09 per share, with a total value of $1,000,027.00. Following the completion of the transaction, the chief executive officer now directly owns 2,245,710 shares in the company, valued at $218,035,983.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen Boone sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $99.60, for a total value of $2,191,200.00. Following the completion of the sale, the insider now directly owns 25,430 shares in the company, valued at approximately $2,532,828. The disclosure for this sale can be found here. 18.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in RH. Teachers Advisors LLC purchased a new stake in Restoration Hardware in the first quarter valued at approximately $3,165,000. Public Employees Retirement System of Ohio grew its stake in shares of Restoration Hardware by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares in the last quarter. Riverhead Capital Management LLC grew its stake in shares of Restoration Hardware by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of Restoration Hardware by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Restoration Hardware in the third quarter worth $274,000. 95.70% of the stock is currently owned by institutional investors.

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Restoration Hardware 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 (NYSE:RH)

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