RH has been the topic of several other research reports. Zacks Investment Research downgraded Restoration Hardware from a buy rating to a hold rating in a research report on Wednesday, November 15th. BidaskClub downgraded Restoration Hardware from a sell rating to a strong sell rating in a research report on Friday, August 25th. Deutsche Bank upped their target price on Restoration Hardware from $100.00 to $100.00 and gave the company a buy rating in a research report on Tuesday, November 14th. Loop Capital upped their target price on Restoration Hardware from $55.00 to $65.00 and gave the company a hold rating in a research report on Wednesday, October 11th. Finally, Guggenheim reaffirmed a buy rating and issued a $95.00 target price (up previously from $75.00) on shares of Restoration Hardware in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $72.91.
Restoration Hardware (NYSE:RH) traded up $0.42 during trading on Monday, hitting $102.39. The stock had a trading volume of 1,143,200 shares, compared to its average volume of 1,981,879. Restoration Hardware has a 52 week low of $24.41 and a 52 week high of $107.48. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. The firm has a market capitalization of $2,230.00, a P/E ratio of 64.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.70.
In other Restoration Hardware news, CEO Gary G. Friedman bought 13,959 shares of Restoration Hardware stock in a transaction on Tuesday, September 26th. The shares were purchased at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary G. Friedman bought 14,000 shares of Restoration Hardware stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Teachers Advisors LLC bought a new position in shares of Restoration Hardware in the 1st quarter valued at $3,165,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Restoration Hardware in the 3rd quarter valued at $274,000. Public Employees Retirement System of Ohio lifted its stake in shares of Restoration Hardware by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after acquiring an additional 255 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Restoration Hardware by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after acquiring an additional 698 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its stake in shares of Restoration Hardware by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after acquiring an additional 464 shares during the last quarter. 95.71% of the stock is currently owned by hedge funds and other institutional investors.
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About Restoration Hardware
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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