Restoration Hardware Holdings Inc. (NYSE:RH) has been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $54.56.
A number of research firms have weighed in on RH. 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. BidaskClub downgraded shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Citigroup Inc. downgraded shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and increased their target price for the company from $63.00 to $76.00 in a report on Monday, July 24th. KeyCorp downgraded shares of Restoration Hardware Holdings to an “overweight” rating and set a $65.86 price objective for the company. in a report on Friday, July 14th. They noted that the move was a valuation call. Finally, Telsey Advisory Group raised their price objective on shares of Restoration Hardware Holdings from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 14th.
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Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in 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 last quarter. Sei Investments Co. raised its position 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 valued at $126,000 after buying an additional 730 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Restoration Hardware Holdings by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,295 shares of the company’s stock valued at $9,925,000 after buying an additional 1,106 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 valued at $166,000 after buying an additional 1,328 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Restoration Hardware Holdings by 2.9% in the first quarter. Swiss National Bank now owns 60,130 shares of the company’s stock valued at $2,782,000 after buying an additional 1,700 shares in the last quarter.
Shares of Restoration Hardware Holdings (RH) traded down 2.15% during midday trading on Tuesday, hitting $57.34. 975,325 shares of the company were exchanged. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $79.91. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 150.10 and a beta of 1.47. The firm’s 50 day moving average price is $64.98 and its 200 day moving average price is $47.20.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The firm had revenue of $562.10 million for the quarter, compared to analyst estimates of $560.30 million. During the same period last year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. Analysts forecast that Restoration Hardware Holdings will post $2.14 EPS for the current fiscal year.
Restoration Hardware Holdings announced that its board has authorized a share repurchase program on Thursday, May 4th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 37.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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.
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