Restoration Hardware Holdings (NYSE: RH) recently received a number of ratings updates from brokerages and research firms:

  • 9/8/2017 – Restoration Hardware Holdings had its “hold” rating reaffirmed by analysts at Loop Capital. They now have a $55.00 price target on the stock.
  • 9/7/2017 – Restoration Hardware Holdings had its price target raised by analysts at Telsey Advisory Group from $60.00 to $66.00. They now have a “market perform” rating on the stock.
  • 9/7/2017 – Restoration Hardware Holdings was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating. They now have a $88.00 price target on the stock, up previously from $46.00.
  • 9/7/2017 – Restoration Hardware Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “RH’s second-quarter fiscal 2017 earnings per share improved 47.7% from the prior-year quarter and surpassed the Zacks Consensus Estimate by 38.3%. Revenues increased 13.2%, beating the Zacks Consensus Estimate by 0.4%. Core RH Business, excluding outlet and Waterworks acquisition, increased 10% year over year. RH’s focus on executing its new business model, designing a new operating platform and maximizing cash flow by increasing revenues and earnings bode well. Adjusted operating margin expanded 30 basis points, and adjusted gross margin improved 40 basis points. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth.”
  • 9/7/2017 – Restoration Hardware Holdings had its price target raised by analysts at Bank of America Corporation from $44.00 to $50.00. They now have a “buy” rating on the stock.
  • 9/7/2017 – Restoration Hardware Holdings had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 9/7/2017 – Restoration Hardware Holdings had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $61.00 price target on the stock, up previously from $44.00.
  • 9/7/2017 – Restoration Hardware Holdings had its price target raised by analysts at Piper Jaffray Companies from $43.00 to $71.00. They now have a “neutral” rating on the stock.
  • 8/25/2017 – Restoration Hardware Holdings was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/22/2017 – Restoration Hardware Holdings had its “underperform” rating reaffirmed by analysts at Bank of America Corporation. They now have a $44.00 price target on the stock, down previously from $54.00.
  • 8/16/2017 – Restoration Hardware Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “RH’s shares widely outperformed the industry to which it belongs, year to date. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book, the rollout of Design Ateliers across the company’s retail Galleries are expected to contribute to growth in 2017 and beyond. Though RH’s plans to rationalize product offering, reduce inventories and boost free cash flow will drive revenues and cash flow, it is expected to dent earnings in 2017. Also, higher dependence on imports makes it vulnerable to uncertain macro conditions.”
  • 8/9/2017 – Restoration Hardware Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2017 – Restoration Hardware Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Restoration Hardware Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $71.00 price target on the stock. According to Zacks, “RH’s shares widely outperformed the industry to which it belongs, year to date. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book, the rollout of Design Ateliers across the company’s retail Galleries are expected to contribute to growth in 2017 and beyond. Though RH’s plans to rationalize product offering, reduce inventories and boost free cash flow will drive revenues and cash flow, it is expected to dent earnings in 2017. Also, higher dependence on imports makes it vulnerable to uncertain macro conditions.”
  • 7/25/2017 – Restoration Hardware Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/24/2017 – Restoration Hardware Holdings was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $76.00 price target on the stock, up previously from $63.00.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. During the same period last year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis.

In other Restoration Hardware Holdings news, CEO Gary G. Friedman purchased 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now owns 2,212,051 shares in the company, valued at $156,922,897.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.80% of the stock is currently owned by corporate insiders.

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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