Restoration Hardware Holdings Inc. (RH) Given “Buy” Rating at Bank of America Corporation

Bank of America Corporation reaffirmed their buy rating on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a research note issued to investors on Monday, May 15th. They currently have a $64.00 price objective on the stock, up from their prior price objective of $48.00.

Other equities analysts have also recently issued reports about the company. Robert W. Baird set a $32.00 price objective on Restoration Hardware Holdings and gave the company a hold rating in a research note on Saturday, February 25th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Restoration Hardware Holdings in a research note on Saturday, April 8th. Vetr cut Restoration Hardware Holdings from a buy rating to a hold rating and set a $35.67 price objective on the stock. in a research note on Monday, March 13th. Cowen and Company raised their price objective on Restoration Hardware Holdings from $33.00 to $44.00 and gave the company a market perform rating in a research note on Thursday, March 30th. Finally, Deutsche Bank AG raised their target price on Restoration Hardware Holdings from $31.00 to $40.00 and gave the company a hold rating in a research report on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $46.03.

Shares of Restoration Hardware Holdings (NYSE RH) traded down 0.21% during trading on Monday, reaching $52.45. 3,050,787 shares of the company were exchanged. The company has a market capitalization of $1.74 billion, a PE ratio of 137.30 and a beta of 1.49. The firm’s 50 day moving average price is $53.80 and its 200 day moving average price is $39.27. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $60.11.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The business had revenue of $562.10 million for the quarter, compared to analysts’ expectations of $560.30 million. During the same period last year, the business earned ($0.05) EPS. The business’s revenue was up 23.4% on a year-over-year basis. Equities research analysts forecast that Restoration Hardware Holdings will post $1.83 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the period. Sei Investments Co. increased its stake in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $155,000. PNC Financial Services Group Inc. increased its stake in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $195,000.

Restoration Hardware Holdings Company Profile

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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