Restoration Hardware Holdings (RH) Getting Somewhat Favorable Media Coverage, Report Finds
Media headlines about Restoration Hardware Holdings (NYSE:RH) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Restoration Hardware Holdings earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.3385586793168 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts have recently commented on RH shares. Citigroup Inc. started coverage on shares of Restoration Hardware Holdings in a research report on Friday, April 28th. They set a “buy” rating and a $56.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, May 6th. Buckingham Research raised shares of Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research report on Monday, May 8th. Loop Capital increased their price target on shares of Restoration Hardware Holdings from $31.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, Gordon Haskett started coverage on shares of Restoration Hardware Holdings in a research report on Tuesday, May 9th. They set a “hold” rating and a $58.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.07.
Shares of Restoration Hardware Holdings (RH) traded down 0.09% during trading on Friday, reaching $56.00. 825,013 shares of the company’s stock were exchanged. The company has a market capitalization of $1.86 billion, a PE ratio of 146.60 and a beta of 1.47. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The company has a 50 day moving average price of $65.42 and a 200-day moving average price of $48.18.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The company had revenue of $562.10 million during the quarter, compared to the consensus estimate of $560.30 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year. On average, equities analysts forecast that Restoration Hardware Holdings will post $2.14 earnings per share for the current year.
Restoration Hardware Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, May 4th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to buy up to 37.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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