Restoration Hardware (NYSE:RH) had its price objective increased by investment analysts at Citigroup from $1.37 to $135.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 29.97% from the stock’s current price.
Several other brokerages have also issued reports on RH. Barclays increased their price target on shares of Restoration Hardware to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Moffett Nathanson started coverage on shares of Restoration Hardware in a research note on Monday. They issued a “neutral” rating for the company. BidaskClub lowered shares of Restoration Hardware from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Loop Capital reissued a “hold” rating and set a $55.00 price objective on shares of Restoration Hardware in a research report on Friday, September 8th. Finally, Cowen reissued a “hold” rating and set a $115.00 price objective on shares of Restoration Hardware in a research report on Wednesday, November 22nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $78.91.
Restoration Hardware (NYSE:RH) opened at $103.87 on Wednesday. The company has a debt-to-equity ratio of -26.72, a current ratio of 1.50 and a quick ratio of 0.27. Restoration Hardware has a 1-year low of $24.41 and a 1-year high of $107.48. The company has a market cap of $2,165.75, a price-to-earnings ratio of 65.22, a price-to-earnings-growth ratio of 1.21 and a beta of 1.71.
In other Restoration Hardware news, CEO Gary G. Friedman acquired 13,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman acquired 14,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. Company insiders own 18.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RH. Teachers Advisors LLC bought a new stake in Restoration Hardware during the 1st quarter worth approximately $3,165,000. Public Employees Retirement System of Ohio raised its stake in Restoration Hardware 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 acquiring an additional 255 shares during the period. Riverhead Capital Management LLC raised its stake in Restoration Hardware 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 acquiring an additional 698 shares during the period. Flinton Capital Management LLC raised its stake in Restoration Hardware by 41.4% during the 2nd 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 period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Restoration Hardware during the third quarter valued at approximately $274,000. Institutional investors own 95.71% of the company’s stock.
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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