Moffett Nathanson began coverage on shares of Restoration Hardware (NYSE:RH) in a report released on Monday, Marketbeat reports. The brokerage issued a neutral rating on the stock.
A number of other research firms also recently weighed in on RH. BidaskClub downgraded Restoration Hardware from a hold rating to a sell rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered Restoration Hardware from a strong-buy rating to a hold rating in a report on Wednesday, August 16th. Bank of America restated an underperform rating and issued a $44.00 target price (down previously from $54.00) on shares of Restoration Hardware in a report on Tuesday, August 22nd. Telsey Advisory Group upped their price target on shares of Restoration Hardware from $60.00 to $66.00 and gave the stock a market perform rating in a research note on Thursday, September 7th. Finally, Buckingham Research raised shares of Restoration Hardware from a neutral rating to a buy rating and upped their price target for the stock from $46.00 to $88.00 in a research note on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $78.91.
Shares of Restoration Hardware (NYSE:RH) opened at $104.70 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. The firm has a market capitalization of $2,197.06, a PE ratio of 42.92, a P/E/G ratio of 1.22 and a beta of 1.71. Restoration Hardware has a fifty-two week low of $24.41 and a fifty-two week high of $109.53.
Restoration Hardware (NYSE:RH) last posted its earnings results on Tuesday, December 5th. The company reported $1.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.04. The company had revenue of $592.50 million during the quarter, compared to analyst estimates of $592.46 million. Restoration Hardware had a return on equity of 14.77% and a net margin of 0.45%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. equities analysts anticipate that Restoration Hardware will post 2.9 EPS for the current year.
In related news, CEO Gary G. Friedman purchased 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman purchased 13,959 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the acquisition, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. Company insiders own 18.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC acquired a new stake in Restoration Hardware during the 1st quarter worth $3,165,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in Restoration Hardware during the 3rd quarter worth $274,000. Public Employees Retirement System of Ohio grew its holdings in Restoration Hardware by 12.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares during the period. Riverhead Capital Management LLC grew its holdings in Restoration Hardware by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in Restoration Hardware by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares during the period. 95.71% of the stock is owned by hedge funds and other institutional investors.
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About Restoration Hardware
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.
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