Restoration Hardware Holdings Inc. (NYSE:RH)‘s stock had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Thursday, September 7th.
Several other brokerages have also commented on RH. Loop Capital restated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. KeyCorp restated a “sector weight” rating on shares of Restoration Hardware Holdings in a research note on Monday, July 17th. BidaskClub lowered shares of Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Citigroup Inc. reiterated a “buy” rating and set a $52.00 price objective (down previously from $62.00) on shares of Restoration Hardware Holdings in a research note on Monday, June 5th. Finally, Wolfe Research raised their price objective on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a “peer perform” rating in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.55.
Restoration Hardware Holdings (NYSE:RH) traded up 2.95% during trading on Thursday, reaching $73.30. The company had a trading volume of 3,421,917 shares. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 191.88 and a beta of 1.53. The company’s 50-day moving average is $56.61 and its 200 day moving average is $53.00. Restoration Hardware Holdings has a 52 week low of $24.41 and a 52 week high of $79.91.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to analyst estimates of $606.38 million. Restoration Hardware Holdings’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Equities analysts anticipate that Restoration Hardware Holdings will post $2.58 EPS for the current year.
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In other Restoration Hardware Holdings news, CEO Gary G. Friedman purchased 14,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its holdings in Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares during the period. Flinton Capital Management LLC raised its holdings in Restoration Hardware Holdings by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after acquiring an additional 464 shares during the period. Riverhead Capital Management LLC raised its holdings in Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after acquiring an additional 698 shares during the period. Sei Investments Co. raised its holdings in Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after acquiring an additional 730 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Restoration Hardware Holdings by 59.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after acquiring an additional 1,328 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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