Restoration Hardware Holdings, Inc (NYSE:RH) to Post Q3 2021 Earnings of $3.26 Per Share, William Blair Forecasts

Restoration Hardware Holdings, Inc (NYSE:RH) – Research analysts at William Blair boosted their Q3 2021 earnings per share (EPS) estimates for shares of Restoration Hardware in a research report issued on Thursday, December 5th. William Blair analyst D. Hofkin now forecasts that the company will earn $3.26 per share for the quarter, up from their prior forecast of $2.75. William Blair also issued estimates for Restoration Hardware’s FY2021 earnings at $13.70 EPS.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.22 by $0.57. The firm had revenue of $676.70 million during the quarter, compared to analysts’ expectations of $676.54 million. Restoration Hardware had a net margin of 7.09% and a negative return on equity of 201.80%. Restoration Hardware’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share.

Several other research firms also recently issued reports on RH. ValuEngine upgraded Restoration Hardware from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. UBS Group reissued a “neutral” rating and set a $210.00 price objective on shares of Restoration Hardware in a report on Thursday, December 5th. Robert W. Baird raised their price objective on Restoration Hardware from $168.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Stifel Nicolaus boosted their target price on Restoration Hardware from $202.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Wedbush upped their target price on Restoration Hardware from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Restoration Hardware presently has an average rating of “Hold” and an average target price of $183.03.

NYSE RH opened at $237.37 on Monday. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $243.67. The stock’s 50-day moving average is $192.70 and its two-hundred day moving average is $149.58. The firm has a market cap of $4.60 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.81.

In other news, insider Demonty Price sold 23,900 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $171.27, for a total value of $4,093,353.00. Following the completion of the sale, the insider now directly owns 56,949 shares of the company’s stock, valued at $9,753,655.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Belling sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $182.47, for a total transaction of $729,880.00. Following the completion of the sale, the director now owns 16,646 shares in the company, valued at approximately $3,037,395.62. The disclosure for this sale can be found here. Insiders sold 56,790 shares of company stock worth $9,702,127 over the last quarter. 36.40% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Restoration Hardware stock. Tiverton Asset Management LLC purchased a new position in Restoration Hardware Holdings, Inc (NYSE:RH) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 487 shares of the company’s stock, valued at approximately $56,000.

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

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