Restoration Hardware (NYSE:RH) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.47-1.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.56. The company issued revenue guidance of $655-680 million, compared to the consensus revenue estimate of $673.50 million.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Restoration Hardware from a strong-buy rating to a hold rating in a report on Wednesday, August 16th. Telsey Advisory Group reiterated a market perform rating on shares of Restoration Hardware in a report on Thursday, November 16th. Barclays lifted their price objective on Restoration Hardware from $65.00 to $120.00 and gave the stock an equal weight rating in a report on Wednesday. Citigroup lifted their price objective on Restoration Hardware from $1.37 to $135.00 and gave the stock a buy rating in a report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on Restoration Hardware from $100.00 to $75.00 and set a hold rating on the stock in a report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $78.91.
Restoration Hardware (NYSE:RH) opened at $104.70 on Thursday. Restoration Hardware has a twelve month low of $24.41 and a twelve month high of $109.53. The stock has a market capitalization of $2,197.06, a PE ratio of 42.92, a P/E/G ratio of 1.22 and a beta of 1.71. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72.
In other news, CEO Gary G. Friedman acquired 13,959 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the transaction, 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 is available at this link. Also, CEO Gary G. Friedman acquired 14,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, 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. 18.80% of the stock is owned by insiders.
Restoration Hardware Company Profile
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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