Restoration Hardware Holdings, Inc common stock (RH) Stock Rating Lowered by Zacks Investment Research

Restoration Hardware Holdings, Inc common stock (NYSE:RH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “RH posted strong second-quarter fiscal 2018 results, with earnings beating the Zacks Consensus Estimate by 17.8% and also increasing more than three times from the year-ago quarter despite lower-than-expected revenues. RH’s focus on managing the business with a bias for earnings versus revenue growth seems to have paid off. Adjusted gross margins expanded 800 basis points on higher-full-price/lower clearance sales and supply-chain efficiencies. While revenue miss and lower revenue guidance raise concerns, stellar quarterly performance and increased guidance for 2018 operating margin and EPS are encouraging. Meanwhile, shares have outperformed its industry year to date. Estimates for 2018 have also been trending upward. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2018 and beyond.”

RH has been the topic of a number of other reports. Gordon Haskett raised Restoration Hardware Holdings, Inc common stock from a “hold” rating to an “accumulate” rating and decreased their price target for the stock from $135.00 to $58.00 in a research note on Tuesday, August 28th. Buckingham Research raised their price target on Restoration Hardware Holdings, Inc common stock from $135.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Citigroup raised their price target on Restoration Hardware Holdings, Inc common stock from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Deutsche Bank raised their price target on Restoration Hardware Holdings, Inc common stock from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Finally, Loop Capital raised their price target on Restoration Hardware Holdings, Inc common stock to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $127.50.

RH opened at $136.70 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.17 and a debt-to-equity ratio of 4.99. The firm has a market cap of $2.83 billion, a P/E ratio of 44.82, a P/E/G ratio of 0.72 and a beta of 2.00. Restoration Hardware Holdings, Inc common stock has a 52 week low of $68.39 and a 52 week high of $164.49.

Restoration Hardware Holdings, Inc common stock (NYSE:RH) last posted its quarterly earnings data on Tuesday, September 4th. The company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.30. The business had revenue of $642.00 million for the quarter, compared to analyst estimates of $660.89 million. Restoration Hardware Holdings, Inc common stock had a return on equity of 520.85% and a net margin of 4.29%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. equities analysts predict that Restoration Hardware Holdings, Inc common stock will post 7.19 earnings per share for the current fiscal year.

In other news, Director Ali Rowghani sold 3,024 shares of Restoration Hardware Holdings, Inc common stock stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $129.68, for a total value of $392,152.32. Following the transaction, the director now directly owns 6,953 shares of the company’s stock, valued at approximately $901,665.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Demonty Price sold 7,777 shares of Restoration Hardware Holdings, Inc common stock stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $152.01, for a total value of $1,182,181.77. Following the completion of the transaction, the insider now directly owns 39,507 shares in the company, valued at $6,005,459.07. The disclosure for this sale can be found here. Insiders sold a total of 14,801 shares of company stock worth $2,199,974 over the last ninety days. Corporate insiders own 29.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Restoration Hardware Holdings, Inc common stock by 24.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,238 shares of the company’s stock valued at $2,408,000 after buying an additional 3,403 shares during the period. Rhumbline Advisers raised its holdings in shares of Restoration Hardware Holdings, Inc common stock by 1.5% during the 1st quarter. Rhumbline Advisers now owns 44,624 shares of the company’s stock valued at $4,252,000 after buying an additional 673 shares during the period. American Century Companies Inc. purchased a new stake in shares of Restoration Hardware Holdings, Inc common stock during the 1st quarter valued at about $4,560,000. Aperio Group LLC raised its holdings in shares of Restoration Hardware Holdings, Inc common stock by 10.3% during the 1st quarter. Aperio Group LLC now owns 8,532 shares of the company’s stock valued at $813,000 after buying an additional 799 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Restoration Hardware Holdings, Inc common stock by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,574 shares of the company’s stock valued at $14,156,000 after buying an additional 4,237 shares during the period.

About Restoration Hardware Holdings, Inc common stock

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, 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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