Restoration Hardware Holdings, Inc (NYSE:RH) Receives Average Rating of “Hold” from Brokerages

Shares of Restoration Hardware Holdings, Inc (NYSE:RH) have received a consensus recommendation of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $143.53.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price target for the company in a research note on Friday, June 14th. Bank of America raised Restoration Hardware from an “underperform” rating to a “buy” rating and lifted their target price for the company from $85.00 to $165.00 in a research report on Thursday. Wells Fargo & Co reaffirmed a “buy” rating and set a $150.00 target price (down from $160.00) on shares of Restoration Hardware in a research report on Wednesday, June 12th. Loop Capital lifted their target price on Restoration Hardware to $150.00 and gave the company an “average” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, Gordon Haskett raised Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 target price for the company in a research report on Tuesday, June 4th.

Shares of RH stock traded up $0.75 on Friday, reaching $136.83. 975,787 shares of the company’s stock were exchanged, compared to its average volume of 607,900. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $162.10. The company has a market cap of $2.59 billion, a PE ratio of 16.02, a PEG ratio of 1.57 and a beta of 1.76. The business has a fifty day moving average of $121.73.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.31. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. The firm had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. During the same period last year, the company earned $1.33 EPS. Restoration Hardware’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts expect that Restoration Hardware will post 9.39 EPS for the current fiscal year.

An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC lifted its stake in Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,996 shares of the company’s stock after acquiring an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 at the end of the most recent 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, 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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