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.
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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.
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