Restoration Hardware (NYSE:RH) Updates FY 2019 After-Hours Earnings Guidance

Restoration Hardware (NYSE:RH) updated its FY 2019
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 11.58-11.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.86. The company issued revenue guidance of $2.685-2.694 billion, compared to the consensus revenue estimate of $2.69 billion.Restoration Hardware also updated its Q4 2019
After-Hours guidance to 3.50-3.62 EPS.

A number of research analysts have issued reports on the stock. Barclays assumed coverage on shares of Restoration Hardware in a research report on Tuesday, November 12th. They set an overweight rating and a $198.00 target price on the stock. ValuEngine upgraded shares of Restoration Hardware from a sell rating to a hold rating in a research report on Thursday, November 21st. UBS Group upped their target price on shares of Restoration Hardware from $138.00 to $160.00 and gave the company a neutral rating in a research report on Wednesday, September 11th. Wells Fargo & Co reaffirmed a buy rating and issued a $225.00 price target on shares of Restoration Hardware in a research note on Monday, November 25th. Finally, Telsey Advisory Group upped their price target on Restoration Hardware from $175.00 to $185.00 and gave the company a market perform rating in a research note on Thursday, September 19th. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $166.38.

Shares of RH stock traded up $5.72 on Wednesday, reaching $205.62. The company had a trading volume of 2,056,509 shares, compared to its average volume of 1,023,506. The stock has a market cap of $3.84 billion, a PE ratio of 24.08, a PEG ratio of 1.50 and a beta of 1.81. The company has a 50-day moving average of $186.55 and a 200-day moving average of $145.43. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $208.33.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.50. The company 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%. Analysts anticipate that Restoration Hardware will post 10.95 EPS for the current year.

In related news, insider Eri Chaya sold 20,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $167.56, for a total transaction of $3,351,200.00. Following the completion of the sale, the insider now directly owns 79,337 shares of the company’s stock, valued at approximately $13,293,707.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $182.47, for a total value of $729,880.00. Following the sale, the director now directly owns 16,646 shares of the company’s stock, valued at $3,037,395.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,790 shares of company stock valued at $10,312,127. 36.40% of the stock is owned by company insiders.

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.

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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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