Restoration Hardware Holdings Inc. (NYSE:RH) gapped up before the market opened on Friday after Loop Capital raised their price target on the stock to $101.00. The stock had previously closed at $66.50, but opened at $83.30. Loop Capital currently has a hold rating on the stock. Restoration Hardware Holdings shares last traded at $104.81, with a volume of 7090300 shares trading hands.
A number of other equities research analysts also recently issued reports on RH. Buckingham Research restated a “buy” rating on shares of Restoration Hardware Holdings in a research note on Wednesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Thursday. Zacks Investment Research downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their price target on Restoration Hardware Holdings from $100.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Restoration Hardware Holdings presently has an average rating of “Hold” and an average target price of $66.02.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman purchased 13,959 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the acquisition, the chief executive officer now owns 2,235,410 shares in the company, valued at $160,144,772.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman purchased 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was acquired 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 owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by insiders.
The firm has a market cap of $2,220.00, a price-to-earnings ratio of 56.49, a PEG ratio of 1.14 and a beta of 1.68. The company has a debt-to-equity ratio of -26.72, a current ratio of 1.50 and a quick ratio of 0.27.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. equities analysts forecast that Restoration Hardware Holdings Inc. will post 2.6 EPS for the current fiscal year.
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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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