Restoration Hardware (RH) Price Target Increased to $180.00 by Analysts at KeyCorp

Restoration Hardware (NYSE:RH) had its price objective lifted by equities researchers at KeyCorp from $166.00 to $180.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 31.45% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Gordon Haskett raised shares of Restoration Hardware from a “hold” rating to an “accumulate” rating and lowered their price target for the stock from $135.00 to $58.00 in a research report on Tuesday, August 28th. Stifel Nicolaus raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and raised their price target for the stock from $142.00 to $150.00 in a research report on Friday, October 12th. Zacks Investment Research lowered shares of Restoration Hardware from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $145.00 price target on shares of Restoration Hardware in a research report on Tuesday, November 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Restoration Hardware in a research report on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $152.28.

Shares of NYSE RH traded up $13.28 during mid-day trading on Tuesday, reaching $136.93. 262,010 shares of the company were exchanged, compared to its average volume of 649,981. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.17 and a current ratio of 0.83. The stock has a market cap of $2.51 billion, a PE ratio of 44.90, a P/E/G ratio of 0.74 and a beta of 2.04. Restoration Hardware has a twelve month low of $74.50 and a twelve month high of $164.49.

Restoration Hardware (NYSE:RH) last posted its earnings results on Monday, December 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.46. The company had revenue of $636.60 million during the quarter, compared to analysts’ expectations of $632.25 million. Restoration Hardware had a net margin of 4.29% and a return on equity of 520.85%. Restoration Hardware’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS. As a group, analysts predict that Restoration Hardware will post 7.2 EPS for the current fiscal year.

In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the completion of the sale, the director now owns 6,953 shares in the company, valued at approximately $901,665.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary G. Friedman purchased 7,622 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, with a total value of $999,930.18. Following the purchase, the chief executive officer now directly owns 2,253,332 shares in the company, valued at approximately $295,614,625.08. The disclosure for this purchase can be found here. Insiders own 29.70% of the company’s stock.

An institutional investor recently raised its position in Restoration Hardware stock. Principal Financial Group Inc. lifted its position in Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,574 shares of the company’s stock after acquiring an additional 4,237 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of Restoration Hardware worth $14,156,000 at the end of the most recent reporting period.

Restoration Hardware Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

Further Reading: Analyst Ratings

The Fly

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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