Restoration Hardware Holdings, Inc (RH) Expected to Announce Earnings of $1.27 Per Share

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Brokerages expect Restoration Hardware Holdings, Inc (NYSE:RH) to announce $1.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Restoration Hardware’s earnings, with estimates ranging from $1.22 to $1.30. Restoration Hardware reported earnings of $1.04 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 22.1%. The business is expected to report its next earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that Restoration Hardware will report full-year earnings of $7.63 per share for the current financial year, with EPS estimates ranging from $7.52 to $7.70. For the next fiscal year, analysts forecast that the firm will post earnings of $8.25 per share, with EPS estimates ranging from $6.64 to $8.85. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Restoration Hardware.

Restoration Hardware (NYSE:RH) last issued its earnings results on Tuesday, September 4th. The company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.75 by $0.30. Restoration Hardware had a net margin of 4.29% and a return on equity of 520.85%. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $660.89 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Several brokerages recently commented on RH. Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a research note on Wednesday, September 26th. ValuEngine downgraded shares of Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Stifel Nicolaus lifted their target price on shares of Restoration Hardware from $125.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Wedbush initiated coverage on shares of Restoration Hardware in a report on Monday, October 22nd. They issued an “outperform” rating and a $145.00 price target on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Restoration Hardware in a report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Restoration Hardware has an average rating of “Buy” and an average price target of $137.50.

In related news, CEO Gary G. Friedman purchased 7,622 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, for a total transaction of $999,930.18. Following the completion of the acquisition, the chief executive officer now directly owns 2,253,332 shares in the company, valued at approximately $295,614,625.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ali Rowghani sold 3,024 shares of Restoration Hardware stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the completion of the sale, the director now owns 6,953 shares in the company, valued at approximately $901,665.04. The disclosure for this sale can be found here. Insiders own 29.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Adams Diversified Equity Fund Inc. bought a new stake in shares of Restoration Hardware during the 2nd quarter valued at $838,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Restoration Hardware by 24.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,238 shares of the company’s stock valued at $2,408,000 after buying an additional 3,403 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Restoration Hardware by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,574 shares of the company’s stock valued at $14,156,000 after buying an additional 4,237 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Restoration Hardware by 2.9% during the 1st quarter. Legal & General Group Plc now owns 39,362 shares of the company’s stock valued at $3,710,000 after buying an additional 1,101 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Restoration Hardware by 4.9% during the 1st quarter. Guggenheim Capital LLC now owns 20,818 shares of the company’s stock valued at $1,983,000 after buying an additional 963 shares in the last quarter.

Shares of NYSE RH traded down $6.41 during mid-day trading on Friday, hitting $112.99. The stock had a trading volume of 1,155,042 shares, compared to its average volume of 912,451. The company has a quick ratio of 0.17, a current ratio of 0.83 and a debt-to-equity ratio of 4.99. Restoration Hardware has a 1 year low of $74.50 and a 1 year high of $164.49. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 0.68 and a beta of 2.06.

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, bath ware, 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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