Restoration Hardware Holdings Inc. (RH) PT Raised to $66.00 at Telsey Advisory Group

Restoration Hardware Holdings Inc. (NYSE:RH) had its price target hoisted by Telsey Advisory Group from $60.00 to $66.00 in a research note released on Thursday, Marketbeat.com reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Restoration Hardware Holdings from a sell rating to a strong sell rating in a research note on Friday, August 25th. Bank of America Corporation reaffirmed an underperform rating and issued a $44.00 price objective (down from $54.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, August 22nd. Zacks Investment Research cut shares of Restoration Hardware Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, August 16th. Citigroup Inc. cut shares of Restoration Hardware Holdings from a buy rating to a neutral rating and raised their price objective for the company from $63.00 to $76.00 in a research note on Monday, July 24th. Finally, Deutsche Bank AG cut 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. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Restoration Hardware Holdings presently has a consensus rating of Hold and a consensus target price of $59.55.

Restoration Hardware Holdings (NYSE RH) opened at 70.65 on Thursday. The firm has a 50 day moving average price of $56.88 and a 200 day moving average price of $51.47. The company has a market cap of $2.34 billion, a PE ratio of 184.95 and a beta of 1.53. Restoration Hardware Holdings has a 12-month low of $24.41 and a 12-month high of $79.91.

Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. During the same period last year, the company earned $0.44 earnings per share. Restoration Hardware Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Restoration Hardware Holdings will post $2.50 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Flinton Capital Management LLC raised its holdings in shares of Restoration Hardware Holdings by 41.4% during the second 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. Public Employees Retirement System of Ohio raised its holdings in shares of Restoration Hardware Holdings by 12.6% during the first 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 raised its holdings in shares of Restoration Hardware Holdings by 58.2% during the second 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. Sei Investments Co. raised its holdings in shares of Restoration Hardware Holdings by 36.7% during the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after acquiring an additional 730 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Restoration Hardware Holdings during the first quarter worth $155,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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