Restoration Hardware Holdings, Inc (NYSE:RH) – Stock analysts at William Blair increased their FY2019 EPS estimates for Restoration Hardware in a research note issued to investors on Tuesday, December 4th. William Blair analyst D. Hofkin now forecasts that the company will post earnings of $7.98 per share for the year, up from their prior forecast of $7.16. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Restoration Hardware’s Q4 2019 earnings at $2.85 EPS, Q1 2020 earnings at $1.78 EPS, Q2 2020 earnings at $2.67 EPS, Q3 2020 earnings at $2.21 EPS, Q4 2020 earnings at $3.44 EPS and FY2020 earnings at $10.12 EPS.
Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Monday, December 3rd. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.46. The firm had revenue of $636.60 million for the quarter, compared to analysts’ expectations of $632.25 million. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. Restoration Hardware’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS.
RH has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and set a $160.00 target price (up previously from $145.00) on shares of Restoration Hardware in a research note on Tuesday. KeyCorp lifted their target price on Restoration Hardware from $166.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup lifted their target price on Restoration Hardware from $181.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their target price on Restoration Hardware from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Telsey Advisory Group lifted their target price on Restoration Hardware from $140.00 to $160.00 and gave the company a “market perform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $152.28.
Shares of RH opened at $142.39 on Thursday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 46.69, a P/E/G ratio of 0.75 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 debt-to-equity ratio of 26.22, a quick ratio of 0.17 and a current ratio of 0.80.
In other news, CEO Gary G. Friedman purchased 7,622 shares of Restoration Hardware stock in a transaction dated Thursday, September 13th. The stock was acquired at an average cost of $131.19 per share, for a total transaction of $999,930.18. Following the acquisition, the chief executive officer now directly owns 2,253,332 shares in the company, valued at $295,614,625.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ali Rowghani sold 3,024 shares of Restoration Hardware stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total value of $392,152.32. Following the sale, the director now owns 6,953 shares of the company’s stock, valued at $901,665.04. The disclosure for this sale can be found here. 29.70% of the stock is owned by insiders.
An institutional investor recently raised its position in Restoration Hardware stock. Principal Financial Group Inc. grew its position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,574 shares of the company’s stock after buying an additional 4,237 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of Restoration Hardware worth $14,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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