Restoration Hardware Holdings, Inc (NYSE:RH) – Investment analysts at KeyCorp raised their FY2019 EPS estimates for shares of Restoration Hardware in a research report issued to clients and investors on Monday, December 3rd. KeyCorp analyst B. Thomas now forecasts that the company will earn $7.94 per share for the year, up from their prior forecast of $7.11. KeyCorp currently has a “Overweight” rating and a $180.00 target price on the stock. KeyCorp also issued estimates for Restoration Hardware’s Q4 2019 earnings at $2.80 EPS and FY2020 earnings at $10.20 EPS.
Restoration Hardware (NYSE:RH) last released its earnings results on Monday, December 3rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.46. Restoration Hardware had a net margin of 4.58% and a return on equity of 404.46%. The company had revenue of $636.60 million for the quarter, compared to analysts’ expectations of $632.25 million. During the same quarter in the previous year, the company earned $1.04 EPS. Restoration Hardware’s revenue for the quarter was up 7.4% on a year-over-year basis.
Several other brokerages have also recently commented on RH. Gordon Haskett upgraded shares of Restoration Hardware from a “hold” rating to an “accumulate” rating and decreased their price target for the stock from $135.00 to $58.00 in a research note on Tuesday, August 28th. William Blair reiterated an “outperform” rating on shares of Restoration Hardware in a research note on Tuesday, August 14th. Piper Jaffray Companies boosted their price target on shares of Restoration Hardware to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 5th. Stifel Nicolaus boosted their price target on shares of Restoration Hardware from $125.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. Finally, Deutsche Bank boosted their price target on shares of Restoration Hardware from $160.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $152.28.
Shares of RH stock opened at $142.39 on Thursday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 46.69, a P/E/G ratio of 0.75 and a beta of 2.04. Restoration Hardware has a 52 week low of $74.50 and a 52 week high of $164.49. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.17 and a current ratio of 0.80.
An institutional investor recently raised its position in Restoration Hardware stock. Principal Financial Group Inc. grew its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,574 shares of the company’s stock after buying an additional 4,237 shares during the quarter. Principal Financial Group Inc. owned 0.70% of Restoration Hardware worth $14,156,000 at the end of the most recent reporting period.
In other Restoration Hardware news, CEO Gary G. Friedman bought 7,622 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were purchased at an average cost of $131.19 per share, for a total transaction of $999,930.18. Following the transaction, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at $295,614,625.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ali Rowghani sold 3,024 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the sale, the director now owns 6,953 shares in the company, valued at $901,665.04. The disclosure for this sale can be found here. 29.70% of the stock is currently owned by corporate insiders.
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, bath ware, 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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