Restoration Hardware (NYSE:RH) Coverage Initiated at Wolfe Research

Wolfe Research assumed coverage on shares of Restoration Hardware (NYSE:RH) in a research note published on Tuesday morning, TipRanks reports. The brokerage issued a hold rating and a $197.00 price objective on the stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Restoration Hardware from $196.00 to $202.00 and gave the company a buy rating in a research report on Thursday, September 19th. Wedbush upped their target price on Restoration Hardware from $170.00 to $185.00 and gave the company an outperform rating in a research report on Friday, September 20th. Bank of America upped their target price on Restoration Hardware from $165.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, September 11th. UBS Group upped their target price on Restoration Hardware from $138.00 to $160.00 and gave the company a neutral rating in a research report on Wednesday, September 11th. Finally, ValuEngine cut Restoration Hardware from a hold rating to a sell rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. Restoration Hardware has an average rating of Hold and an average price target of $162.61.

NYSE:RH opened at $179.31 on Tuesday. The stock has a 50-day simple moving average of $160.77 and a 200-day simple moving average of $125.35. The stock has a market cap of $3.24 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.27 and a beta of 1.78. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $181.41.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.50. The business had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. As a group, research analysts forecast that Restoration Hardware will post 10.93 EPS for the current fiscal year.

In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $145.00, for a total transaction of $290,000.00. Following the completion of the sale, the director now directly owns 1,917 shares of the company’s stock, valued at approximately $277,965. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Demonty Price sold 23,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.27, for a total value of $4,093,353.00. Following the sale, the insider now directly owns 56,949 shares of the company’s stock, valued at $9,753,655.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,790 shares of company stock valued at $9,872,247. 36.40% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC bought a new position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 487 shares of the company’s stock, valued at approximately $56,000.

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, bathware, 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: What is the Fibonacci sequence?

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


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