Restoration Hardware (RH) Receives New Coverage from Analysts at Moffett Nathanson

Moffett Nathanson assumed coverage on shares of Restoration Hardware (NYSE:RH) in a research report sent to investors on Monday. The brokerage issued a neutral rating on the stock.

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.

Restoration Hardware (NYSE:RH) last posted its earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. During the same period in the previous year, the company posted $0.44 EPS. Restoration Hardware’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts predict that Restoration Hardware will post 2.9 EPS for the current year.

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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