Restoration Hardware Holdings, Inc (NYSE:RH) traded down 5.1% on Thursday . The company traded as low as $124.80 and last traded at $125.09. 531,186 shares traded hands during trading, a decline of 51% from the average session volume of 1,085,951 shares. The stock had previously closed at $131.82.
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Restoration Hardware in a research report on Friday. They set an “overweight” rating and a $155.00 target price on the stock. Gordon Haskett downgraded Restoration Hardware from an “accumulate” rating to a “hold” rating in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Restoration Hardware in a research report on Wednesday, September 5th. Zacks Investment Research raised Restoration Hardware from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Friday, September 7th. Finally, Stifel Nicolaus lifted their target price on Restoration Hardware from $125.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company’s stock. Restoration Hardware currently has a consensus rating of “Hold” and a consensus price target of $137.50.
The company has a quick ratio of 0.17, a current ratio of 0.83 and a debt-to-equity ratio of 4.99. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 0.72 and a beta of 2.06.
Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Tuesday, September 4th. The company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.30. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $660.89 million. Restoration Hardware had a return on equity of 520.85% and a net margin of 4.29%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. On average, equities research analysts predict that Restoration Hardware Holdings, Inc will post 7.19 EPS for the current fiscal year.
In other news, Director Ali Rowghani sold 3,024 shares of Restoration Hardware stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total value of $392,152.32. Following the completion of the transaction, the director now owns 6,953 shares in the company, valued at $901,665.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman bought 7,622 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $131.19 per share, with a total value of $999,930.18. Following the purchase, the chief executive officer now directly owns 2,253,332 shares of the company’s stock, valued at approximately $295,614,625.08. The disclosure for this purchase can be found here. 29.70% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Adams Diversified Equity Fund Inc. bought a new position in shares of Restoration Hardware in the second quarter valued at approximately $838,000. BNP Paribas Arbitrage SA raised its stake in shares of Restoration Hardware by 24.6% in the second quarter. BNP Paribas Arbitrage SA now owns 17,238 shares of the company’s stock valued at $2,408,000 after acquiring an additional 3,403 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Restoration Hardware by 2.9% in the first quarter. Principal Financial Group Inc. now owns 148,574 shares of the company’s stock valued at $14,156,000 after acquiring an additional 4,237 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Restoration Hardware by 2.9% in the first quarter. Legal & General Group Plc now owns 39,362 shares of the company’s stock valued at $3,710,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Restoration Hardware by 4.9% in the first quarter. Guggenheim Capital LLC now owns 20,818 shares of the company’s stock valued at $1,983,000 after acquiring an additional 963 shares during the last quarter.
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Restoration Hardware Company Profile (NYSE:RH)
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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