Restoration Hardware Holdings Inc. (RH) to Post FY2018 Earnings of $2.93 Per Share, KeyCorp Forecasts
Restoration Hardware Holdings Inc. (NYSE:RH) – Equities researchers at KeyCorp increased their FY2018 earnings per share estimates for shares of Restoration Hardware in a research note issued to investors on Tuesday. KeyCorp analyst B. Thomas now forecasts that the company will post earnings per share of $2.93 for the year, up from their prior estimate of $2.88. KeyCorp also issued estimates for Restoration Hardware’s Q4 2018 earnings at $1.58 EPS.
Several other equities research analysts have also commented on RH. Zacks Investment Research lowered shares of Restoration Hardware from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Bank of America reiterated an “underperform” rating and issued a $44.00 price objective (down from $54.00) on shares of Restoration Hardware in a research report on Tuesday, August 22nd. BidaskClub lowered shares of Restoration Hardware from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Telsey Advisory Group boosted their price objective on shares of Restoration Hardware from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Thursday, September 7th. Finally, Buckingham Research upgraded shares of Restoration Hardware from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $88.00 in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Restoration Hardware presently has a consensus rating of “Hold” and a consensus target price of $79.07.
Shares of Restoration Hardware (NYSE RH) opened at $105.06 on Friday. The company has a market cap of $2,256.51, a price-to-earnings ratio of 43.76, a price-to-earnings-growth ratio of 1.05 and a beta of 1.71. Restoration Hardware has a 1 year low of $24.41 and a 1 year high of $109.53. The company has a debt-to-equity ratio of -48.40, a quick ratio of 0.27 and a current ratio of 1.47.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.04. The company had revenue of $592.50 million for the quarter, compared to analysts’ expectations of $592.46 million. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. Restoration Hardware’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS.
In other news, CEO Gary G. Friedman bought 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $70.94 per share, with a total value of $993,160.00. Following the purchase, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman bought 13,959 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the purchase, the chief executive officer now directly owns 2,235,410 shares in the company, valued at approximately $160,144,772.40. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC acquired a new position in Restoration Hardware in the 1st quarter valued at about $3,165,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Restoration Hardware during the 3rd quarter valued at about $274,000. Public Employees Retirement System of Ohio increased its stake in shares of Restoration Hardware by 12.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after acquiring an additional 255 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Restoration Hardware by 58.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after acquiring an additional 698 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of Restoration Hardware by 41.4% during the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after acquiring an additional 464 shares during the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.
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About Restoration Hardware
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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