Q2 2020 EPS Estimates for Restoration Hardware Holdings, Inc Raised by Wedbush (NYSE:RH)

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Restoration Hardware Holdings, Inc (NYSE:RH) – Stock analysts at Wedbush increased their Q2 2020 earnings per share estimates for shares of Restoration Hardware in a research report issued to clients and investors on Thursday, June 13th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $2.43 per share for the quarter, up from their prior estimate of $2.22. Wedbush has a “Outperform” rating and a $160.00 price objective on the stock. Wedbush also issued estimates for Restoration Hardware’s Q3 2020 earnings at $1.94 EPS, Q4 2020 earnings at $3.00 EPS, FY2020 earnings at $9.21 EPS and FY2021 earnings at $10.50 EPS.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, June 12th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.54 by $0.31. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The firm had revenue of $598.42 million for the quarter, compared to analysts’ expectations of $583.69 million. During the same period in the previous year, the business earned $1.33 earnings per share. Restoration Hardware’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Several other equities research analysts have also recently commented on RH. Zacks Investment Research upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research report on Monday, February 18th. Evercore ISI initiated coverage on shares of Restoration Hardware in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $145.00 price target on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $175.00 price target on shares of Restoration Hardware in a research report on Thursday, March 21st. Deutsche Bank cut shares of Restoration Hardware from a “buy” rating to a “hold” rating and dropped their price target for the stock from $185.00 to $124.00 in a research report on Friday, March 29th. Finally, Bank of America reiterated an “underperform” rating and issued a $85.00 price target on shares of Restoration Hardware in a research report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $138.59.

Shares of Restoration Hardware stock opened at $111.37 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.16 and a debt-to-equity ratio of 26.22. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $162.10. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.04 and a beta of 1.64.

An institutional investor recently bought a new position in Restoration Hardware stock. Hodges Capital Management Inc. bought a new stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,807 shares of the company’s stock, valued at approximately $456,000.

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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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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