Robert W. Baird Lowers Restoration Hardware (NYSE:RH) Price Target to $120.00

Restoration Hardware (NYSE:RH) had its target price cut by Robert W. Baird from $135.00 to $120.00 in a research report sent to investors on Friday, March 29th, Stock Target Advisor reports. They currently have a neutral rating on the stock.

Several other research firms have also recently issued reports on RH. Wells Fargo & Co lowered their price objective on Restoration Hardware from $175.00 to $160.00 and set an outperform rating for the company in a research report on Friday, March 29th. Cowen reaffirmed a market perform rating and set a $120.00 price objective (down from $150.00) on shares of Restoration Hardware in a research report on Friday, March 29th. Citigroup upped their price objective on Restoration Hardware from $181.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, December 4th. Loop Capital upped their price objective on Restoration Hardware to $200.00 and gave the stock an average rating in a research report on Tuesday, December 4th. Finally, Zacks Investment Research raised Restoration Hardware from a hold rating to a buy rating and set a $161.00 price objective for the company in a research report on Monday, February 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $145.56.

RH traded down $4.12 on Friday, hitting $107.42. 1,635,949 shares of the company were exchanged, compared to its average volume of 2,421,343. Restoration Hardware has a twelve month low of $85.25 and a twelve month high of $164.49. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.02 and a beta of 1.54. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.74 and a quick ratio of 0.16.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Thursday, March 28th. The company reported $3.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.17. The business 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.69 EPS. On average, research analysts anticipate that Restoration Hardware will post 8.4 earnings per share for the current year.

A hedge fund recently raised its stake in Restoration Hardware stock. Boston Advisors LLC raised its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,103 shares of the company’s stock after acquiring an additional 3,945 shares during the period. Boston Advisors LLC owned approximately 0.16% of Restoration Hardware worth $4,087,000 as of its most recent SEC filing.

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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