Restoration Hardware Holdings Inc. (NYSE:RH) – Investment analysts at Oppenheimer upped their Q4 2018 earnings per share (EPS) estimates for shares of Restoration Hardware in a report issued on Monday. Oppenheimer analyst B. Nagel now expects that the company will post earnings of $1.52 per share for the quarter, up from their prior estimate of $1.38. Oppenheimer currently has a “Hold” rating on the stock.
Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, meeting the consensus estimate of $1.04. The business had revenue of $592.50 million for the quarter, compared to analyst estimates of $592.46 million. Restoration Hardware had a return on equity of 20.04% and a net margin of 0.45%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS.
Restoration Hardware (NYSE:RH) traded up $3.96 during midday trading on Wednesday, hitting $100.84. The stock had a trading volume of 1,203,926 shares, compared to its average volume of 1,966,445. The firm has a market cap of $2,197.27, a price-to-earnings ratio of 42.61, a P/E/G ratio of 1.02 and a beta of 1.71. Restoration Hardware has a fifty-two week low of $24.41 and a fifty-two week high of $109.53. The company has a quick ratio of 0.28, a current ratio of 1.47 and a debt-to-equity ratio of -48.40.
In other Restoration Hardware news, CEO Gary G. Friedman bought 14,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now directly owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary G. Friedman bought 10,300 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average cost of $97.09 per share, for a total transaction of $1,000,027.00. Following the completion of the transaction, the chief executive officer now owns 2,245,710 shares in the company, valued at $218,035,983.90. The disclosure for this purchase can be found here. Insiders have purchased a total of 38,259 shares of company stock worth $2,993,210 over the last three months. 18.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Restoration Hardware in the 3rd quarter valued at approximately $274,000. Flinton Capital Management LLC raised its position 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 purchasing an additional 464 shares in the last quarter. Riverhead Capital Management LLC raised its position 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 purchasing an additional 698 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position 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 purchasing an additional 255 shares in the last quarter. 95.71% of the stock is currently owned by institutional investors.
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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