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.
TRADEMARK VIOLATION WARNING: “Restoration Hardware Holdings Inc. (RH) to Post FY2018 Earnings of $2.89 Per Share, Oppenheimer Forecasts” was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.truebluetribune.com/2017/12/16/restoration-hardware-holdings-inc-rh-to-post-fy2018-earnings-of-2-89-per-share-oppenheimer-forecasts.html.
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.
Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.