Zacks Investment Research cut shares of Restoration Hardware Holdings, Inc common stock (NYSE:RH) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

According to Zacks, “RH posted strong second-quarter fiscal 2018 results, with earnings beating the Zacks Consensus Estimate by 17.8% and also increasing more than three times from the year-ago quarter despite lower-than-expected revenues. The company’s focus on managing the business with a bias for earnings versus revenue growth seems to have paid off. Adjusted gross margins expanded 800 basis points on higher-full-price/lower clearance sales and supply-chain efficiencies. While revenue miss and lower revenue guidance raise concerns, stellar quarterly performance and increased guidance for 2018 operating margin and EPS are encouraging. Meanwhile, shares have outperformed its industry year to date. Estimates for 2018 have also been trending upward. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2018 and beyond.<“

A number of other analysts have also commented on the company. ValuEngine lowered Restoration Hardware Holdings, Inc common stock from a buy rating to a hold rating in a report on Thursday. Deutsche Bank lifted their target price on Restoration Hardware Holdings, Inc common stock from $160.00 to $178.00 and gave the stock a buy rating in a report on Wednesday. William Blair restated an outperform rating on shares of Restoration Hardware Holdings, Inc common stock in a research note on Wednesday. Stifel Nicolaus raised their price target on Restoration Hardware Holdings, Inc common stock from $125.00 to $142.00 and gave the stock a hold rating in a research note on Wednesday. Finally, Piper Jaffray Companies raised their price target on Restoration Hardware Holdings, Inc common stock to $165.00 and gave the stock a neutral rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $125.50.

Shares of Restoration Hardware Holdings, Inc common stock stock traded down $1.77 on Thursday, reaching $127.80. The company’s stock had a trading volume of 11,408 shares, compared to its average volume of 1,124,377. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 0.70 and a beta of 2.00. Restoration Hardware Holdings, Inc common stock has a 52 week low of $67.72 and a 52 week high of $164.49. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 4.99.

Restoration Hardware Holdings, Inc common stock (NYSE:RH) last posted its earnings results on Tuesday, September 4th. The company reported $2.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.30. The business had revenue of $642.00 million during the quarter, compared to analyst estimates of $660.89 million. Restoration Hardware Holdings, Inc common stock had a return on equity of 520.85% and a net margin of 4.29%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. equities research analysts forecast that Restoration Hardware Holdings, Inc common stock will post 7.55 EPS for the current fiscal year.

In related news, insider Demonty Price sold 7,777 shares of Restoration Hardware Holdings, Inc common stock stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $152.01, for a total transaction of $1,182,181.77. Following the transaction, the insider now directly owns 39,507 shares in the company, valued at $6,005,459.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Belling sold 4,000 shares of Restoration Hardware Holdings, Inc common stock stock in a transaction on Monday, June 18th. The shares were sold at an average price of $156.41, for a total value of $625,640.00. Following the transaction, the director now owns 16,586 shares in the company, valued at $2,594,216.26. The disclosure for this sale can be found here. Insiders have sold 41,653 shares of company stock worth $6,354,650 over the last quarter. 29.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Restoration Hardware Holdings, Inc common stock by 4.4% during the first quarter. BlackRock Inc. now owns 2,528,218 shares of the company’s stock valued at $240,889,000 after purchasing an additional 107,535 shares in the last quarter. Prudential Financial Inc. lifted its position in Restoration Hardware Holdings, Inc common stock by 575.6% during the first quarter. Prudential Financial Inc. now owns 511,006 shares of the company’s stock valued at $48,689,000 after purchasing an additional 435,364 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Restoration Hardware Holdings, Inc common stock during the first quarter valued at $45,359,000. Millennium Management LLC lifted its position in Restoration Hardware Holdings, Inc common stock by 44.9% during the first quarter. Millennium Management LLC now owns 246,328 shares of the company’s stock valued at $23,470,000 after purchasing an additional 76,343 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Restoration Hardware Holdings, Inc common stock by 2.9% during the first quarter. Principal Financial Group Inc. now owns 148,574 shares of the company’s stock valued at $14,156,000 after purchasing an additional 4,237 shares in the last quarter.

Restoration Hardware Holdings, Inc common stock Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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