Restoration Hardware Holdings Inc. (RH) Receives Average Rating of “Hold” from Analysts

Shares of Restoration Hardware Holdings Inc. (NYSE:RH) have received a consensus rating of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $80.16.

A number of brokerages have recently issued reports on RH. Telsey Advisory Group restated a “market perform” rating on shares of Restoration Hardware in a research note on Thursday, November 16th. Piper Jaffray Companies increased their price objective on shares of Restoration Hardware from $43.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, September 7th. Stifel Nicolaus dropped their price objective on shares of Restoration Hardware from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, December 6th. Robert W. Baird set a $60.00 price objective on shares of Restoration Hardware and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, Oppenheimer restated a “hold” rating on shares of Restoration Hardware in a research note on Thursday, September 7th.

In other Restoration Hardware news, insider Karen Boone sold 22,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $99.60, for a total transaction of $2,191,200.00. Following the sale, the insider now owns 25,430 shares of the company’s stock, valued at approximately $2,532,828. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman acquired 10,300 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average cost of $97.09 per share, for a total transaction of $1,000,027.00. Following the acquisition, 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. Company insiders own 18.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Flinton Capital Management LLC grew its holdings 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 last quarter. Riverhead Capital Management LLC grew its holdings 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 last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Restoration Hardware during the 3rd quarter worth about $274,000. 95.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Restoration Hardware (NYSE RH) traded down $1.31 during trading on Friday, reaching $89.92. 1,188,600 shares of the company’s stock were exchanged, compared to its average volume of 1,124,900. The company has a current ratio of 1.47, a quick ratio of 0.28 and a debt-to-equity ratio of -48.40. Restoration Hardware has a 12-month low of $24.41 and a 12-month high of $109.53. The company has a market cap of $1,920.00, a P/E ratio of 214.10, a PEG ratio of 0.91 and a beta of 1.70.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. The firm had revenue of $592.50 million during the quarter, compared to the consensus estimate of $592.46 million. During the same period in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 7.9% on a year-over-year basis. analysts forecast that Restoration Hardware will post 2.92 earnings per share for the current year.

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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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