Cowen Reiterates “Market Perform” Rating for Restoration Hardware (RH)

Cowen restated their market perform rating on shares of Restoration Hardware (NYSE:RH) in a research note published on Friday, March 29th, Briefing.com Automated Import reports. The brokerage currently has a $120.00 price objective on the stock, down from their prior price objective of $150.00.

Several other analysts also recently commented on the company. ValuEngine downgraded Restoration Hardware from a hold rating to a sell rating in a research note on Friday, December 21st. Wedbush reiterated an outperform rating and set a $160.00 target price on shares of Restoration Hardware in a report on Monday, March 18th. Evercore ISI started coverage on Restoration Hardware in a report on Wednesday, March 20th. They set an in-line rating and a $145.00 target price on the stock. Loop Capital increased their target price on Restoration Hardware to $200.00 and gave the company an average rating in a report on Tuesday, December 4th. Finally, JPMorgan Chase & Co. increased their target price on Restoration Hardware to $180.00 in a report on Tuesday, December 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $145.56.

Shares of NYSE RH traded down $4.12 during trading hours on Friday, reaching $107.42. The stock had a trading volume of 1,635,949 shares, compared to its average volume of 2,421,343. The stock has a market cap of $2.20 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. The company has a quick ratio of 0.16, a current ratio of 0.74 and a debt-to-equity ratio of 26.22. Restoration Hardware has a fifty-two week low of $85.25 and a fifty-two week high of $164.49.

Restoration Hardware (NYSE:RH) last announced its earnings results on Thursday, March 28th. The company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.17. The firm had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $686.44 million. Restoration Hardware had a return on equity of 522.94% and a net margin of 6.01%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. Sell-side analysts anticipate that Restoration Hardware will post 8.4 earnings per share for the current year.

A hedge fund recently bought a new stake in Restoration Hardware stock. Hodges Capital Management Inc. acquired a new stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,807 shares of the company’s stock, valued at approximately $456,000.

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, 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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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