ValuEngine upgraded shares of Restoration Hardware (NYSE:RH) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.
Other equities analysts also recently issued reports about the stock. UBS Group increased their target price on shares of Restoration Hardware from $138.00 to $160.00 and gave the stock a neutral rating in a research report on Wednesday, September 11th. Stifel Nicolaus increased their target price on shares of Restoration Hardware from $196.00 to $202.00 and gave the stock a buy rating in a research report on Thursday, September 19th. Loop Capital downgraded shares of Restoration Hardware from a buy rating to a hold rating and set a $190.00 target price on the stock. in a research report on Thursday. Citigroup increased their target price on shares of Restoration Hardware from $148.00 to $163.00 and gave the stock a buy rating in a research report on Tuesday, July 30th. Finally, Barclays started coverage on shares of Restoration Hardware in a research report on Tuesday, November 12th. They set an overweight rating and a $198.00 target price on the stock. Thirteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $164.88.
Shares of NYSE RH opened at $195.54 on Thursday. The stocks 50 day moving average price is $180.34 and its two-hundred day moving average price is $139.90. Restoration Hardware has a 52-week low of $84.11 and a 52-week high of $199.29. The stock has a market capitalization of $3.64 billion, a P/E ratio of 22.90, a PEG ratio of 1.43 and a beta of 1.79.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $2.70 by $0.50. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. The firm had revenue of $706.51 million for the quarter, compared to analysts expectations of $698.00 million. As a group, research analysts anticipate that Restoration Hardware will post 10.93 EPS for the current fiscal year.
In other news, insider Demonty Price sold 23,900 shares of the firms stock in a transaction dated 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 sale, the insider now directly owns 56,949 shares of the companys stock, valued at $9,753,655.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eri Chaya sold 20,000 shares of the firms stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $167.56, for a total value of $3,351,200.00. Following the completion of the sale, the insider now directly owns 79,337 shares in the company, valued at $13,293,707.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,790 shares of company stock worth $10,312,127. 36.40% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in Restoration Hardware stock. Tiverton Asset Management LLC bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 487 shares of the companys stock, valued at approximately $56,000.
About Restoration Hardware
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dcor, 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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Restoration Hardware (NYSE:RH) Stock Rating Upgraded by ValuEngine - TechNewsObserver
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