Restoration Hardware Holdings, Inc (NYSE:RH) Expected to Announce Earnings of $2.21 Per Share

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Wall Street brokerages forecast that Restoration Hardware Holdings, Inc (NYSE:RH) will announce earnings of $2.21 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Restoration Hardware’s earnings, with the lowest EPS estimate coming in at $2.11 and the highest estimate coming in at $2.35. Restoration Hardware posted earnings per share of $1.73 in the same quarter last year, which indicates a positive year-over-year growth rate of 27.7%. The business is expected to issue its next earnings results on Monday, December 2nd.

According to Zacks, analysts expect that Restoration Hardware will report full year earnings of $10.81 per share for the current year, with EPS estimates ranging from $10.60 to $11.01. For the next financial year, analysts expect that the company will report earnings of $12.39 per share, with EPS estimates ranging from $11.60 to $12.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Restoration Hardware.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.50. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%.

RH has been the subject of several recent analyst reports. Guggenheim set a $200.00 price objective on Restoration Hardware and gave the company a “buy” rating in a report on Tuesday, October 15th. Wedbush increased their price objective on Restoration Hardware from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Wells Fargo & Co increased their price objective on Restoration Hardware from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Barclays initiated coverage on Restoration Hardware in a report on Tuesday. They issued an “overweight” rating and a $198.00 price objective for the company. Finally, Loop Capital increased their price objective on Restoration Hardware to $180.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $164.38.

In other Restoration Hardware news, insider Demonty Price sold 23,900 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.27, for a total transaction of $4,093,353.00. Following the transaction, the insider now owns 56,949 shares in the company, valued at approximately $9,753,655.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the director now owns 1,917 shares in the company, valued at approximately $277,965. The disclosure for this sale can be found here. Insiders have sold a total of 62,790 shares of company stock valued at $10,602,127 in the last ninety days. Insiders own 36.40% of the company’s stock.

An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 487 shares of the company’s stock, valued at approximately $56,000.

Shares of RH traded up $1.45 during mid-day trading on Monday, hitting $174.43. 23,061 shares of the company’s stock were exchanged, compared to its average volume of 682,843. The company has a market cap of $3.26 billion, a PE ratio of 20.44, a P/E/G ratio of 1.28 and a beta of 1.79. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $192.00. The company has a 50-day simple moving average of $177.08 and a 200 day simple moving average of $136.25.

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, d├ęcor, 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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