Restoration Hardware Holdings Inc. (NYSE:RH) had its price target hoisted by stock analysts at Deutsche Bank AG from $40.00 to $50.00 in a note issued to investors on Friday, May 12th. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 4.67% from the company’s previous close.
A number of other research firms have also recently commented on RH. Loop Capital upped their price objective on shares of Restoration Hardware Holdings from $31.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, May 8th. Gordon Haskett started coverage on Restoration Hardware Holdings in a report on Tuesday, May 9th. They set a “hold” rating and a $58.00 target price for the company. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, May 6th. Buckingham Research upgraded Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a report on Monday, May 8th. Finally, Wolfe Research increased their target price on Restoration Hardware Holdings from $40.00 to $50.00 and gave the stock a “peer perform” rating in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.03.
Shares of Restoration Hardware Holdings (RH) traded down 0.21% during mid-day trading on Friday, hitting $52.45. The stock had a trading volume of 3,050,787 shares. Restoration Hardware Holdings has a 12-month low of $24.41 and a 12-month high of $60.11. The firm has a market cap of $1.74 billion, a P/E ratio of 137.30 and a beta of 1.49. The company has a 50 day moving average price of $53.80 and a 200 day moving average price of $39.27.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The business had revenue of $562.10 million during the quarter, compared to analysts’ expectations of $560.30 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts forecast that Restoration Hardware Holdings will post $1.83 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Restoration Hardware Holdings 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 buying an additional 255 shares during the period. Sei Investments Co. increased its stake in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Restoration Hardware Holdings during the first quarter valued at approximately $155,000. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 1,328 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Restoration Hardware Holdings during the first quarter valued at approximately $195,000.
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.
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