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, 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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