Restoration Hardware (RH) Updates FY 2018 Earnings Guidance

Restoration Hardware (NYSE:RH) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share guidance of $8.33-8.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.63. The company issued revenue guidance of $2.519-2.529 billion, compared to the consensus revenue estimate of $2.51 billion.Restoration Hardware also updated its Q4 2018 guidance to $2.75-2.90 EPS.

Shares of RH traded up $7.51 during mid-day trading on Monday, reaching $123.65. The company’s stock had a trading volume of 2,774,911 shares, compared to its average volume of 1,067,218. The firm has a market capitalization of $2.51 billion, a P/E ratio of 40.54, a PEG ratio of 0.74 and a beta of 2.04. Restoration Hardware has a 1 year low of $74.50 and a 1 year high of $164.49. The company has a quick ratio of 0.17, a current ratio of 0.83 and a debt-to-equity ratio of 4.99.

Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, September 4th. The company reported $2.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.30. The company 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 for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, analysts expect that Restoration Hardware will post 7.2 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on RH. Zacks Investment Research raised shares of Restoration Hardware from a hold rating to a buy rating and set a $152.00 price target on the stock in a research note on Wednesday, September 26th. ValuEngine downgraded shares of Restoration Hardware from a buy rating to a hold rating in a research note on Thursday, September 6th. Stifel Nicolaus upped their price target on shares of Restoration Hardware from $125.00 to $142.00 and gave the stock a hold rating in a research note on Wednesday, September 5th. Wedbush began coverage on shares of Restoration Hardware in a research note on Monday, October 22nd. 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 note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $137.94.

In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the transaction, the director now directly owns 6,953 shares of the company’s stock, valued at $901,665.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary G. Friedman bought 7,622 shares of the 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 of the company’s stock, valued at $295,614,625.08. The disclosure for this purchase can be found here. Corporate insiders own 29.70% of the company’s stock.

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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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