Restoration Hardware (NYSE:RH) Given “Buy” Rating at Bank of America

Restoration Hardware (NYSE:RH)‘s stock had its “buy” rating reissued by investment analysts at Bank of America in a research report issued to clients and investors on Friday. They currently have a $235.00 target price on the stock, up from their prior target price of $228.00. Bank of America‘s price objective suggests a potential downside of 2.69% from the company’s current price.

Several other research firms have also recently issued reports on RH. Guggenheim set a $200.00 price target on Restoration Hardware and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised their price objective on Restoration Hardware from $202.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Co lifted their target price on Restoration Hardware from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays reaffirmed a “buy” rating and set a $255.00 target price on shares of Restoration Hardware in a research report on Friday. Finally, Wedbush upped their target price on Restoration Hardware from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Thirteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Restoration Hardware currently has an average rating of “Hold” and a consensus price target of $178.86.

Shares of RH traded up $8.32 during mid-day trading on Friday, hitting $241.49. The company’s stock had a trading volume of 171,842 shares, compared to its average volume of 1,043,509. The firm has a 50-day moving average price of $188.00 and a 200 day moving average price of $146.64. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 1.50 and a beta of 1.81. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $233.33.

Restoration Hardware (NYSE:RH) last released its earnings results on Wednesday, December 4th. The company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.22 by $0.57. The business had revenue of $676.70 million during the quarter, compared to analyst estimates of $676.54 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 earnings per share. Equities research analysts forecast that Restoration Hardware will post 10.95 EPS for the current fiscal year.

In other news, Director Kathleen C. Mitic sold 4,200 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $168.32, for a total value of $706,944.00. Following the completion of the sale, the director now directly owns 9,269 shares of the company’s stock, valued at $1,560,158.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $729,880.00. Following the completion of 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. Insiders sold 58,790 shares of company stock valued at $10,012,127 in the last 90 days. Corporate insiders own 36.40% of the company’s stock.

An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC bought a new position in Restoration Hardware Holdings, Inc (NYSE:RH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 487 shares of the company’s stock, valued at approximately $56,000.

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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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