Restoration Hardware Holdings (RH) Receiving Somewhat Positive Media Coverage, Analysis Shows

News headlines about Restoration Hardware Holdings (NYSE:RH) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Restoration Hardware Holdings earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4830041565807 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several equities analysts have weighed in on RH shares. Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Bank of America Corporation initiated coverage on Restoration Hardware Holdings in a research note on Monday, July 17th. They issued an “underperform” rating and a $54.00 price target for the company. Zacks Investment Research raised Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Stifel Nicolaus initiated coverage on Restoration Hardware Holdings in a research note on Thursday, October 12th. They issued a “hold” rating and a $75.00 price target for the company. Finally, Piper Jaffray Companies boosted their price target on Restoration Hardware Holdings from $43.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $63.42.

Restoration Hardware Holdings (NYSE RH) traded down 0.28% during midday trading on Friday, reaching $86.64. The company had a trading volume of 635,373 shares. The company’s 50-day moving average is $75.77 and its 200 day moving average is $61.33. The company has a market cap of $1.83 billion, a PE ratio of 4560.00 and a beta of 1.62. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $88.54.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, equities research analysts forecast that Restoration Hardware Holdings will post $2.60 EPS for the current year.

In other Restoration Hardware Holdings news, CEO Gary G. Friedman bought 14,000 shares of Restoration Hardware Holdings stock in a transaction dated Thursday, September 14th. The stock was bought at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the purchase, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman bought 13,959 shares of Restoration Hardware Holdings stock in a transaction dated Tuesday, September 26th. The shares were acquired at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the purchase, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.

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About Restoration Hardware Holdings

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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