Restoration Hardware Holdings Inc. (RH) Rating Lowered to Neutral at Citigroup Inc.

Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Monday, July 24th, MarketBeat.com reports. They currently have a $76.00 target price on the stock, up from their prior target price of $63.00. Citigroup Inc.’s target price suggests a potential upside of 35.71% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Deutsche Bank AG lowered shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Friday, July 21st. Zacks Investment Research raised shares of Restoration Hardware Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC set a $65.00 target price on shares of Restoration Hardware Holdings and gave the company a “hold” rating in a research report on Sunday, July 16th. Guggenheim reiterated a “buy” rating and set a $75.00 target price (up previously from $60.00) on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.07.

Restoration Hardware Holdings (NYSE:RH) traded down 0.09% during midday trading on Monday, reaching $56.00. 825,013 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $65.42 and its 200 day moving average price is $48.18. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 146.60 and a beta of 1.47. Restoration Hardware Holdings has a 1-year low of $24.41 and a 1-year high of $79.91.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The company had revenue of $562.10 million for the quarter, compared to analyst estimates of $560.30 million. During the same period in the prior year, the firm posted ($0.05) EPS. The company’s quarterly revenue was up 23.4% on a year-over-year basis. Equities research analysts anticipate that Restoration Hardware Holdings will post $2.14 EPS for the current year.

Restoration Hardware Holdings announced that its Board of Directors has approved a stock buyback plan on Thursday, May 4th that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the company to buy up to 37.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Restoration Hardware Holdings by 18,735.0% in the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock valued at $216,529,000 after buying an additional 4,655,842 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after buying an additional 423,925 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Restoration Hardware Holdings by 3.0% in the first quarter. OppenheimerFunds Inc. now owns 1,044,967 shares of the company’s stock valued at $48,340,000 after buying an additional 30,802 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Restoration Hardware Holdings by 144.9% in the first quarter. Ameriprise Financial Inc. now owns 580,199 shares of the company’s stock valued at $26,840,000 after buying an additional 343,334 shares in the last quarter. Finally, Credit Suisse AG purchased a new stake in shares of Restoration Hardware Holdings during the first quarter valued at approximately $15,995,000.

About Restoration Hardware Holdings

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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