Restoration Hardware Holdings, Inc (RH) Expected to Announce Quarterly Sales of $632.74 Million

Brokerages forecast that Restoration Hardware Holdings, Inc (NYSE:RH) will post sales of $632.74 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Restoration Hardware’s earnings, with estimates ranging from $628.00 million to $639.15 million. Restoration Hardware posted sales of $592.47 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The business is scheduled to issue its next earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that Restoration Hardware will report full year sales of $2.51 billion for the current year, with estimates ranging from $2.50 billion to $2.53 billion. For the next year, analysts expect that the company will post sales of $2.72 billion, with estimates ranging from $2.68 billion to $2.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Restoration Hardware.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Tuesday, September 4th. The company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.30. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $660.89 million. Restoration Hardware had a return on equity of 520.85% and a net margin of 4.29%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Restoration Hardware from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a report on Wednesday, September 26th. ValuEngine lowered Restoration Hardware from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Stifel Nicolaus raised their target price on Restoration Hardware from $125.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. Wedbush started coverage on Restoration Hardware in a research report on Monday. They issued an “outperform” rating and a $145.00 price target on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Restoration Hardware in a research report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.33.

Shares of NYSE:RH traded up $1.34 during midday trading on Friday, hitting $111.16. 624,500 shares of the stock were exchanged, compared to its average volume of 1,095,008. The company has a current ratio of 0.83, a quick ratio of 0.17 and a debt-to-equity ratio of 4.99. Restoration Hardware has a 52-week low of $74.50 and a 52-week high of $164.49. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 36.45, a P/E/G ratio of 0.60 and a beta of 2.09.

In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of the business’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 directly owns 6,953 shares of the company’s stock, valued at approximately $901,665.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary G. Friedman purchased 7,622 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average cost of $131.19 per share, for a total transaction of $999,930.18. Following the completion of the transaction, the chief executive officer now directly owns 2,253,332 shares in the company, valued at $295,614,625.08. The disclosure for this purchase can be found here. 29.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its holdings in Restoration Hardware by 44.9% in the 1st quarter. Millennium Management LLC now owns 246,328 shares of the company’s stock valued at $23,470,000 after acquiring an additional 76,343 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Restoration Hardware during the 1st quarter worth approximately $819,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Restoration Hardware during the 2nd quarter worth approximately $838,000. Principal Financial Group Inc. boosted its position in shares of Restoration Hardware by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 148,574 shares of the company’s stock worth $14,156,000 after acquiring an additional 4,237 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Restoration Hardware by 24.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,238 shares of the company’s stock worth $2,408,000 after acquiring an additional 3,403 shares in the last quarter.

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

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