Restoration Hardware Holdings Inc. (RH) Price Target Increased to $65.00 by Analysts at Loop Capital
Restoration Hardware Holdings Inc. (NYSE:RH) had its target price boosted by Loop Capital from $55.00 to $65.00 in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Restoration Hardware Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, August 16th. Piper Jaffray Companies upped their price target on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the company a neutral rating in a research note on Thursday, September 7th. Citigroup Inc. lowered shares of Restoration Hardware Holdings from a buy rating to a neutral rating and upped their price target for the company from $63.00 to $76.00 in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. reiterated a hold rating on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Finally, Deutsche Bank AG lowered shares of Restoration Hardware Holdings from a buy rating to a hold rating and set a $80.00 price target on the stock. in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $63.42.
Restoration Hardware Holdings (RH) traded up 3.73% during trading on Wednesday, reaching $80.08. 1,113,732 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $80.87. The firm has a 50 day moving average price of $67.67 and a 200-day moving average price of $58.80. The firm has a market cap of $1.69 billion, a PE ratio of 4214.74 and a beta of 1.62.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million for the quarter, compared to the consensus estimate of $606.38 million. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, analysts forecast that Restoration Hardware Holdings will post $2.60 earnings per share for the current fiscal year.
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In other news, CEO Gary G. Friedman acquired 13,959 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was bought at an average cost of $71.64 per share, for a total transaction of $1,000,022.76. Following the completion of the transaction, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman acquired 14,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $70.94 per share, with a total value of $993,160.00. Following the completion of the transaction, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of RH. Nomura Holdings Inc. acquired a new stake in Restoration Hardware Holdings in the first quarter worth $1,879,000. Vanguard Group Inc. lifted its stake in shares of Restoration Hardware Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after buying an additional 423,925 shares in the last quarter. Amalgamated Bank bought a new position in shares of Restoration Hardware Holdings in the first quarter valued at $242,000. Highbridge Capital Management LLC bought a new position in shares of Restoration Hardware Holdings in the first quarter valued at $469,000. Finally, Prudential Financial Inc. lifted its stake in shares of Restoration Hardware Holdings by 186.1% in the first quarter. Prudential Financial Inc. now owns 65,020 shares of the company’s stock valued at $3,008,000 after buying an additional 42,290 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
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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