Robert W. Baird Increases Restoration Hardware (NYSE:RH) Price Target to $168.00

Restoration Hardware (NYSE:RH) had its price objective upped by Robert W. Baird from $150.00 to $168.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. Loop Capital upped their target price on shares of Restoration Hardware to $160.00 and gave the stock an average rating in a research note on Thursday, September 5th. Bank of America upped their target price on shares of Restoration Hardware from $165.00 to $175.00 and gave the stock a buy rating in a research note on Wednesday. Goldman Sachs Group began coverage on shares of Restoration Hardware in a research note on Thursday, July 11th. They set a neutral rating and a $129.00 target price on the stock. Raymond James reaffirmed a hold rating on shares of Restoration Hardware in a research note on Monday, June 17th. Finally, UBS Group upped their target price on shares of Restoration Hardware from $138.00 to $160.00 and gave the stock a neutral rating in a research note on Wednesday. Twelve investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Restoration Hardware presently has an average rating of Hold and a consensus price target of $157.86.

Restoration Hardware stock opened at $173.63 on Wednesday. The company’s 50 day simple moving average is $141.69 and its 200-day simple moving average is $121.44. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.77. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $174.41.

Restoration Hardware (NYSE:RH) last released its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.50. The business had revenue of $706.51 million for the quarter, compared to the consensus estimate of $698.00 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. As a group, equities research analysts forecast that Restoration Hardware will post 10.68 earnings per share for the current year.

In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. Following the sale, the director now directly owns 1,002 shares of the company’s stock, valued at approximately $150,300. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 6,000 shares of company stock worth $900,000. Insiders own 36.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. Tiverton Asset Management LLC purchased a new stake in shares of Restoration Hardware in the 2nd quarter valued at approximately $56,000. Mason Street Advisors LLC increased its position in shares of Restoration Hardware by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after purchasing an additional 198 shares during the last quarter. Finally, Griffin Asset Management Inc. purchased a new stake in shares of Restoration Hardware in the 2nd quarter valued at approximately $62,000.

About Restoration Hardware

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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