Restoration Hardware (NYSE:RH)‘s stock had its “outperform” rating reissued by equities researchers at Wells Fargo & Co in a research note issued to investors on Wednesday, The Fly reports. They currently have a $175.00 price objective on the stock, up from their previous price objective of $150.00. Wells Fargo & Co‘s price objective indicates a potential upside of 3.18% from the company’s previous close.
A number of other analysts have also recently commented on the stock. ValuEngine upgraded shares of Restoration Hardware from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Cowen reiterated a “hold” rating and issued a $120.00 target price on shares of Restoration Hardware in a research note on Tuesday, June 18th. Telsey Advisory Group lifted their target price on shares of Restoration Hardware from $140.00 to $175.00 and gave the stock a “market perform” rating in a research note on Wednesday. Stifel Nicolaus lifted their target price on shares of Restoration Hardware from $153.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Loop Capital lifted their target price on shares of Restoration Hardware to $160.00 and gave the stock an “average” rating in a research note on Thursday, September 5th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $157.86.
RH stock traded up $0.48 during trading on Wednesday, reaching $169.60. The company had a trading volume of 58,226 shares, compared to its average volume of 739,275. The firm has a 50-day simple moving average of $140.80 and a 200-day simple moving average of $121.31. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.35 and a beta of 1.77. Restoration Hardware has a twelve month low of $84.11 and a twelve month high of $173.20.
Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, topping 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 net margin of 6.05% and a negative return on equity of 301.40%. As a group, analysts expect that Restoration Hardware will post 10.65 earnings per share for the current year.
In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now directly owns 1,002 shares in the company, valued at approximately $150,300. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 6,000 shares of company stock valued at $900,000. Company insiders own 36.40% of the company’s stock.
Several large investors have recently bought and sold shares of RH. Griffin Asset Management Inc. purchased a new position in shares of Restoration Hardware during the 2nd quarter valued at approximately $62,000. Tiverton Asset Management LLC purchased a new position in shares of Restoration Hardware during the 2nd quarter valued at approximately $56,000. Finally, Mason Street Advisors LLC increased its holdings in shares of Restoration Hardware by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after purchasing an additional 198 shares in the last quarter.
About Restoration Hardware
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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