Restoration Hardware Holdings Inc. (RH) Shares Up 2.9%
Restoration Hardware Holdings Inc. (NYSE:RH)’s share price shot up 2.9% on Monday . The stock traded as high as $34.41 and last traded at $33.54, with a volume of 1,240,941 shares changing hands. The stock had previously closed at $32.59.
Several equities research analysts have issued reports on the company. Vetr upgraded Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $29.25 price target for the company in a report on Monday, July 18th. Longbow Research downgraded Restoration Hardware Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, June 9th. Robert W. Baird restated a “hold” rating on shares of Restoration Hardware Holdings in a report on Monday, May 16th. Barclays PLC restated a “hold” rating and issued a $50.00 price target on shares of Restoration Hardware Holdings in a report on Friday, June 10th. Finally, Cowen and Company lowered their price target on Restoration Hardware Holdings to $35.00 in a report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.24.
The firm has a 50 day moving average of $30.65 and a 200-day moving average of $36.00. The stock has a market capitalization of $1.37 billion and a price-to-earnings ratio of 19.98.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Wednesday, June 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.10. The company earned $455.50 million during the quarter, compared to analyst estimates of $452.86 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Restoration Hardware Holdings Inc. will post $1.66 earnings per share for the current year.
In related news, Director Keith Belling acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, June 28th. The stock was purchased at an average cost of $25.37 per share, with a total value of $101,480.00. Following the acquisition, the director now owns 18,608 shares of the company’s stock, valued at approximately $472,084.96. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary G. Friedman acquired 32,918 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of $27.59 per share, with a total value of $908,207.62. Following the completion of the acquisition, the chief executive officer now directly owns 2,207,451 shares in the company, valued at approximately $60,903,573.09. The disclosure for this purchase can be found here.
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
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