Restoration Hardware Holdings, Inc (NYSE:RH) – Equities research analysts at KeyCorp cut their Q4 2020 EPS estimates for Restoration Hardware in a report released on Wednesday, December 4th. KeyCorp analyst B. Thomas now anticipates that the company will earn $3.60 per share for the quarter, down from their prior estimate of $3.62.
A number of other equities research analysts have also commented on the company. ValuEngine upgraded Restoration Hardware from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Loop Capital cut Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Bank of America reiterated a “buy” rating and issued a $235.00 target price (up previously from $228.00) on shares of Restoration Hardware in a report on Friday. Robert W. Baird increased their price target on shares of Restoration Hardware from $168.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wolfe Research began coverage on shares of Restoration Hardware in a report on Tuesday, October 8th. They set a “hold” rating and a $197.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Restoration Hardware currently has an average rating of “Hold” and a consensus target price of $178.86.
Restoration Hardware (NYSE:RH) last released its earnings results on Wednesday, December 4th. The company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.57. Restoration Hardware had a net margin of 7.09% and a negative return on equity of 201.80%. The business had revenue of $676.70 million for the quarter, compared to the consensus estimate of $676.54 million. During the same period last year, the firm posted $1.60 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year.
In related news, insider Eri Chaya sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $167.56, for a total transaction of $3,351,200.00. Following the completion of the sale, the insider now owns 79,337 shares in the company, valued at approximately $13,293,707.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Demonty Price sold 23,900 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.27, for a total value of $4,093,353.00. Following the sale, the insider now owns 56,949 shares of the company’s stock, valued at approximately $9,753,655.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,790 shares of company stock worth $10,012,127. 36.40% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in Restoration Hardware stock. Tiverton Asset Management LLC acquired a new position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 487 shares of the company’s stock, valued at approximately $56,000.
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, 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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