Wells Fargo & Co Reiterates Buy Rating for Restoration Hardware (NYSE:RH)

Restoration Hardware (NYSE:RH)‘s stock had its “buy” rating restated by equities research analysts at Wells Fargo & Co in a note issued to investors on Monday, AnalystRatings.com reports. They currently have a $225.00 price target on the stock. Wells Fargo & Co‘s target price would suggest a potential upside of 9.11% from the stock’s previous close.

Several other research firms have also weighed in on RH. Stifel Nicolaus lifted their target price on shares of Restoration Hardware from $196.00 to $202.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Wedbush lifted their target price on shares of Restoration Hardware from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 20th. ValuEngine upgraded shares of Restoration Hardware from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Bank of America lifted their target price on shares of Restoration Hardware from $165.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Robert W. Baird lifted their target price on shares of Restoration Hardware from $150.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, September 11th. Thirteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $166.38.

Shares of NYSE RH opened at $206.22 on Monday. Restoration Hardware has a 52-week low of $84.11 and a 52-week high of $207.28. The firm has a fifty day moving average of $182.81 and a 200-day moving average of $141.80. The stock has a market capitalization of $3.65 billion, a PE ratio of 24.15, a P/E/G ratio of 1.43 and a beta of 1.79.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. On average, sell-side analysts forecast that Restoration Hardware will post 10.93 earnings per share for the current fiscal year.

In other Restoration Hardware news, Director Keith Belling sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $182.47, for a total value of $729,880.00. Following the transaction, the director now owns 16,646 shares in the company, valued at approximately $3,037,395.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Glenda M. Citragno sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the transaction, the chief accounting officer now owns 2,650 shares in the company, valued at approximately $410,750. The disclosure for this sale can be found here. Insiders sold a total of 60,790 shares of company stock worth $10,312,127 in the last quarter. 36.40% of the stock is currently owned by company insiders.

An institutional investor recently bought a new position in Restoration Hardware stock. Griffin Asset Management Inc. bought a new position in Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 535 shares of the company’s stock, valued at approximately $62,000.

Restoration Hardware Company Profile

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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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