Restoration Hardware (RH) Updates Q4 Earnings Guidance

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.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.04. Restoration Hardware had a return on equity of 14.77% and a net margin of 0.45%. The company had revenue of $592.50 million for the quarter, compared to the consensus estimate of $592.46 million. During the same quarter in the previous year, the business earned $0.20 EPS. Restoration Hardware’s revenue was up 7.9% compared to the same quarter last year. equities analysts forecast that Restoration Hardware will post 2.9 earnings per share for the current year.

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.

WARNING: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/07/restoration-hardware-rh-updates-q4-earnings-guidance.html.

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.

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

What are top analysts saying about Restoration Hardware Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Restoration Hardware Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit