FY2018 Earnings Forecast for Restoration Hardware Holdings Inc. (RH) Issued By KeyCorp

Restoration Hardware Holdings Inc. (NYSE:RH) – Research analysts at KeyCorp boosted their FY2018 earnings per share (EPS) estimates for shares of Restoration Hardware Holdings in a research note issued to investors on Wednesday. KeyCorp analyst B. Thomas now expects that the company will post earnings of $2.88 per share for the year, up from their prior forecast of $2.65. KeyCorp also issued estimates for Restoration Hardware Holdings’ Q4 2018 earnings at $1.52 EPS.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Citigroup Inc. upgraded shares of Restoration Hardware Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Thursday. Telsey Advisory Group reiterated a “market perform” rating on shares of Restoration Hardware Holdings in a research note on Thursday. Finally, Loop Capital increased their price objective on shares of Restoration Hardware Holdings to $101.00 and gave the stock a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. Restoration Hardware Holdings presently has an average rating of “Hold” and a consensus target price of $66.02.

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Restoration Hardware Holdings (RH) opened at $102.26 on Friday. The company has a debt-to-equity ratio of -26.72, a quick ratio of 0.27 and a current ratio of 1.50. Restoration Hardware Holdings has a 52 week low of $24.41 and a 52 week high of $107.48. The stock has a market cap of $2,220.00, a P/E ratio of 56.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. During the same period in the previous year, the company earned $0.44 EPS. The company’s revenue was up 13.2% on a year-over-year basis.

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

A number of institutional investors have recently modified their holdings of RH. Flinton Capital Management LLC lifted its stake in Restoration Hardware Holdings by 41.4% in the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Restoration Hardware Holdings by 12.6% during the 1st 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 last quarter. Riverhead Capital Management LLC lifted its position in shares of Restoration Hardware Holdings by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Restoration Hardware Holdings by 59.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Restoration Hardware Holdings during the 1st quarter worth approximately $204,000. Institutional investors own 95.71% of the company’s stock.

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.

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

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