Restoration Hardware’s (RH) “Outperform” Rating Reaffirmed at Wedbush

Restoration Hardware (NYSE:RH)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research note issued on Tuesday, The Fly reports. They presently have a $160.00 price target on the stock, up from their previous price target of $145.00. Wedbush’s target price points to a potential upside of 10.47% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Gordon Haskett raised shares of Restoration Hardware from a “hold” rating to an “accumulate” rating and cut their target price for the company from $135.00 to $58.00 in a research note on Tuesday, August 28th. William Blair reissued an “outperform” rating on shares of Restoration Hardware in a research report on Tuesday, August 14th. Piper Jaffray Companies boosted their target price on shares of Restoration Hardware to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 5th. Stifel Nicolaus lifted their price target on shares of Restoration Hardware from $125.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Finally, Deutsche Bank boosted their target price on shares of Restoration Hardware from $160.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $149.76.

Restoration Hardware stock traded up $21.19 during mid-day trading on Tuesday, reaching $144.84. The company had a trading volume of 3,206,880 shares, compared to its average volume of 649,981. Restoration Hardware has a 1 year low of $74.50 and a 1 year high of $164.49. The company has a current ratio of 0.83, a quick ratio of 0.17 and a debt-to-equity ratio of 4.99. The stock has a market cap of $2.51 billion, a PE ratio of 47.49, a price-to-earnings-growth ratio of 0.74 and a beta of 2.04.

Restoration Hardware (NYSE:RH) last announced its earnings results on Monday, December 3rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.46. Restoration Hardware had a net margin of 4.29% and a return on equity of 520.85%. The firm had revenue of $636.60 million for the quarter, compared to analyst estimates of $632.25 million. During the same quarter last year, the business earned $1.04 earnings per share. Restoration Hardware’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast 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 Restoration Hardware 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 transaction, the director now directly owns 6,953 shares of the company’s stock, valued at $901,665.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary G. Friedman acquired 7,622 shares of Restoration Hardware stock in a transaction on Thursday, September 13th. The shares were bought at an average cost of $131.19 per share, with a total value of $999,930.18. Following the completion of the transaction, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at $295,614,625.08. The disclosure for this purchase can be found here. 29.70% of the stock is owned by company insiders.

An institutional investor recently raised its position in Restoration Hardware stock. Principal Financial Group Inc. grew its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 0.70% of Restoration Hardware worth $14,156,000 at the end of the most recent quarter.

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.

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The Fly

Analyst Recommendations for Restoration Hardware (NYSE:RH)

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