Telsey Advisory Group Reaffirms “Market Perform” Rating for Restoration Hardware Holdings Inc. (RH)

Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a research note issued on Thursday, MarketBeat reports.

A number of other research firms have also issued reports on RH. Deutsche Bank AG lowered shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Citigroup Inc. lowered shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and raised their target price for the company from $63.00 to $76.00 in a research note on Monday, July 24th. BidaskClub lowered shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, August 2nd. Finally, Bank of America Corporation reiterated an “underperform” rating and issued a $44.00 target price (down from $54.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $70.07.

Shares of Restoration Hardware Holdings (NYSE RH) opened at $99.12 on Thursday. Restoration Hardware Holdings has a one year low of $24.41 and a one year high of $107.48. The company has a market cap of $2,160.00, a P/E ratio of 65.13, a P/E/G ratio of 1.29 and a beta of 1.68. The company has a current ratio of 1.50, a quick ratio of 0.27 and a debt-to-equity ratio of -26.72.

Restoration Hardware Holdings (NYSE:RH) last issued 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 firm had revenue of $615.30 million during the quarter, compared to analysts’ expectations of $606.38 million. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. equities analysts predict that Restoration Hardware Holdings will post 2.71 EPS for the current year.

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In related news, CEO Gary G. Friedman acquired 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the acquisition, 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 filing with the SEC, which is available at this link. Also, CEO Gary G. Friedman acquired 13,959 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the completion of the acquisition, 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. Insiders own 18.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RH. Vanguard Group Inc. lifted its holdings in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock worth $155,107,000 after acquiring an additional 423,925 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Restoration Hardware Holdings by 9.9% in the first quarter. Geode Capital Management LLC now owns 309,328 shares of the company’s stock worth $14,309,000 after acquiring an additional 27,821 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Restoration Hardware Holdings by 12.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 215,848 shares of the company’s stock worth $9,986,000 after acquiring an additional 23,707 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in shares of Restoration Hardware Holdings in the first quarter worth about $4,814,000. Finally, Teachers Advisors LLC bought a new position in shares of Restoration Hardware Holdings in the first quarter worth about $3,165,000. 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)

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