Restoration Hardware Holdings Inc. (RH) Given New $65.00 Price Target at Loop Capital

Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective increased by Loop Capital from $55.00 to $65.00 in a report released on Wednesday. They currently have a hold rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Guggenheim reissued a buy rating and issued a $95.00 target price (up from $75.00) on shares of Restoration Hardware Holdings in a research note on Wednesday, October 4th. Deutsche Bank AG raised shares of Restoration Hardware Holdings from a hold rating to a buy rating and lifted their price objective for the stock from $80.00 to $84.00 in a research report on Tuesday, September 26th. Piper Jaffray Companies lifted their price objective on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a neutral rating in a research report on Thursday, September 7th. Cowen and Company reaffirmed a market perform rating and set a $61.00 price objective (up from $44.00) on shares of Restoration Hardware Holdings in a research report on Thursday, September 7th. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $61.33.

Shares of Restoration Hardware Holdings (NYSE RH) traded down 0.06% during mid-day trading on Wednesday, hitting $77.20. 1,389,596 shares of the stock were exchanged. The company has a market capitalization of $1.63 billion, a PE ratio of 4063.16 and a beta of 1.62. The firm has a 50-day moving average price of $65.17 and a 200 day moving average price of $58.20. 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 earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. During the same period in the prior year, the business posted $0.44 earnings per share. Restoration Hardware Holdings’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Restoration Hardware Holdings will post $2.60 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Restoration Hardware Holdings Inc. (RH) Given New $65.00 Price Target at Loop Capital” was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/10/12/restoration-hardware-holdings-inc-rh-given-new-65-00-price-target-at-loop-capital.html.

In related news, CEO Gary G. Friedman purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the purchase, the chief executive officer now directly owns 2,212,051 shares in the company, valued at $156,922,897.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary G. Friedman purchased 13,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the purchase, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Restoration Hardware Holdings by 18,735.0% in the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock valued at $216,529,000 after purchasing an additional 4,655,842 shares in the last quarter. Vanguard Group Inc. raised its stake in Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after purchasing an additional 423,925 shares in the last quarter. Credit Suisse AG acquired a new position in Restoration Hardware Holdings in the first quarter valued at about $15,995,000. Geode Capital Management LLC raised its stake in Restoration Hardware Holdings by 9.9% in the first quarter. Geode Capital Management LLC now owns 309,328 shares of the company’s stock valued at $14,309,000 after purchasing an additional 27,821 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Restoration Hardware Holdings by 102.4% in the first quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock valued at $13,671,000 after purchasing an additional 149,509 shares in the last quarter. 95.71% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

Receive News & Ratings for Restoration Hardware Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply