Restoration Hardware Holdings, Inc Forecasted to Earn FY2020 Earnings of $11.59 Per Share (NYSE:RH)

Restoration Hardware Holdings, Inc (NYSE:RH) – Research analysts at Wedbush raised their FY2020 earnings per share (EPS) estimates for shares of Restoration Hardware in a research report issued on Thursday, December 5th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $11.59 per share for the year, up from their previous forecast of $11.01. Wedbush currently has a “Outperform” rating and a $185.00 target price on the stock. Wedbush also issued estimates for Restoration Hardware’s Q4 2020 earnings at $3.63 EPS, Q1 2021 earnings at $2.59 EPS and Q2 2021 earnings at $3.91 EPS.

Restoration Hardware (NYSE:RH) last announced its earnings results on Wednesday, December 4th. The company reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.57. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The business had revenue of $676.70 million for the quarter, compared to analysts’ expectations of $676.54 million. During the same period in the previous year, the company posted $1.60 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis.

A number of other research firms have also commented on RH. Stifel Nicolaus lifted their price objective on shares of Restoration Hardware from $202.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America reiterated a “buy” rating and set a $235.00 target price (up previously from $228.00) on shares of Restoration Hardware in a research note on Friday. UBS Group reissued a “neutral” rating and set a $210.00 price target on shares of Restoration Hardware in a report on Thursday. Telsey Advisory Group boosted their price target on Restoration Hardware from $175.00 to $185.00 and gave the company a “market perform” rating in a research report on Thursday, September 19th. Finally, Loop Capital downgraded Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $178.86.

Shares of Restoration Hardware stock opened at $241.97 on Friday. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $243.67. The company has a market capitalization of $3.84 billion, a P/E ratio of 28.33, a PEG ratio of 1.50 and a beta of 1.81. The company’s fifty day moving average is $189.19 and its two-hundred day moving average is $147.38.

A hedge fund recently bought a new stake in Restoration Hardware stock. Tiverton Asset Management LLC acquired a new stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 487 shares of the company’s stock, valued at approximately $56,000.

In other Restoration Hardware news, Director Keith Belling sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $182.47, for a total value of $729,880.00. Following the completion of the transaction, the director now owns 16,646 shares in the company, valued at $3,037,395.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Glenda M. Citragno sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the sale, the chief accounting officer now directly owns 2,650 shares of the company’s stock, valued at approximately $410,750. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,790 shares of company stock valued at $10,012,127. 36.40% of the stock is owned by insiders.

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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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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