Restoration Hardware (NYSE:RH) had its price objective lifted by UBS Group from $138.00 to $160.00 in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.
Several other equities analysts have also issued reports on RH. Wedbush lifted their price objective on shares of Restoration Hardware from $160.00 to $170.00 and gave the company an outperform rating in a report on Wednesday. Citigroup lifted their price objective on shares of Restoration Hardware from $148.00 to $163.00 and gave the company a buy rating in a report on Tuesday, July 30th. Raymond James reissued a hold rating on shares of Restoration Hardware in a report on Monday, June 17th. Zacks Investment Research raised shares of Restoration Hardware from a sell rating to a hold rating and set a $115.00 price objective on the stock in a report on Friday, June 14th. Finally, Loop Capital lifted their price objective on shares of Restoration Hardware to $160.00 and gave the company an average rating in a report on Thursday, September 5th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $157.86.
Shares of NYSE:RH opened at $173.63 on Wednesday. The firm has a market cap of $3.23 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.77. The firm’s 50 day simple moving average is $141.69 and its 200-day simple moving average is $121.44. Restoration Hardware has a one year low of $84.11 and a one year high of $174.41.
Restoration Hardware (NYSE:RH) last issued its earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.50. The business had revenue of $706.51 million for the quarter, compared to analyst estimates of $698.00 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. On average, sell-side analysts expect that Restoration Hardware will post 10.68 EPS for the current fiscal year.
In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the completion of the sale, the director now directly owns 1,917 shares in the company, valued at $277,965. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 6,000 shares of company stock valued at $900,000. 36.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Tiverton Asset Management LLC acquired a new stake in Restoration Hardware in the second quarter valued at approximately $56,000. Mason Street Advisors LLC boosted its stake in Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after acquiring an additional 198 shares in the last quarter. Finally, Griffin Asset Management Inc. acquired a new stake in Restoration Hardware in the second quarter valued at approximately $62,000.
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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