Deutsche Bank AG Increases Restoration Hardware Holdings Inc. (RH) Price Target to $50.00

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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.

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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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