Restoration Hardware Holdings Inc. (RH) to Post FY2018 Earnings of $2.89 Per Share, Oppenheimer Forecasts

Restoration Hardware Holdings Inc. (NYSE:RH) – Equities research analysts at Oppenheimer issued their FY2018 earnings per share (EPS) estimates for shares of Restoration Hardware in a report issued on Monday. Oppenheimer analyst B. Nagel anticipates that the company will post earnings of $2.89 per share for the year. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Restoration Hardware’s FY2019 earnings at $4.80 EPS.

Several other brokerages have also recently commented on RH. Zacks Investment Research upgraded shares of Restoration Hardware from a “hold” rating to a “strong-buy” rating and set a $120.00 price target on the stock in a research report on Friday, December 8th. Loop Capital boosted their price target on shares of Restoration Hardware to $101.00 and gave the stock a “hold” rating in a research report on Friday, November 17th. Barclays boosted their price target on shares of Restoration Hardware from $65.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Citigroup boosted their price target on shares of Restoration Hardware from $1.37 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Stifel Nicolaus dropped their price target on shares of Restoration Hardware from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Restoration Hardware has an average rating of “Hold” and a consensus price target of $79.07.

Shares of Restoration Hardware (NYSE:RH) traded up $0.98 during trading on Thursday, reaching $99.63. 1,043,633 shares of the company’s stock traded hands, compared to its average volume of 1,126,939. The company has a current ratio of 1.47, a quick ratio of 0.28 and a debt-to-equity ratio of -48.40. Restoration Hardware has a 12-month low of $24.41 and a 12-month high of $109.53. The company has a market capitalization of $2,102.23, a PE ratio of 40.76, a PEG ratio of 0.98 and a beta of 1.71.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.04. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. The business had revenue of $592.50 million for the quarter, compared to analysts’ expectations of $592.46 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its holdings in Restoration Hardware 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 purchasing an additional 698 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Restoration Hardware 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 purchasing an additional 255 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in Restoration Hardware 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 purchasing an additional 464 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in Restoration Hardware in the 3rd quarter worth approximately $274,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.

In other news, CEO Gary G. Friedman purchased 10,300 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was acquired at an average price of $97.09 per share, with a total value of $1,000,027.00. Following the purchase, the chief executive officer now owns 2,245,710 shares in the company, valued at approximately $218,035,983.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary G. Friedman purchased 13,959 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the purchase, the chief executive officer now owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.

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About Restoration Hardware

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.

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

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