Restoration Hardware Holdings, Inc common stock (NYSE:RH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $145.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.94% from the company’s current price.

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. RH’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.”

RH has been the topic of a number of other research reports. Gordon Haskett upgraded Restoration Hardware Holdings, Inc common stock from a “hold” rating to an “accumulate” rating and reduced their target price for the company from $135.00 to $58.00 in a report on Tuesday, August 28th. Raymond James cut Restoration Hardware Holdings, Inc common stock from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. They noted that the move was a valuation call. Buckingham Research lifted their target price on Restoration Hardware Holdings, Inc common stock from $135.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, June 12th. Citigroup lifted their target price on Restoration Hardware Holdings, Inc common stock from $170.00 to $176.00 and gave the company a “buy” rating in a report on Monday, July 9th. Finally, William Blair reiterated an “outperform” rating on shares of Restoration Hardware Holdings, Inc common stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $127.50.

RH stock opened at $126.15 on Friday. 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 debt-to-equity ratio of 4.99, a quick ratio of 0.24 and a current ratio of 0.83. The firm has a market cap of $2.80 billion, a PE ratio of 41.36, a price-to-earnings-growth ratio of 0.67 and a beta of 2.00.

Restoration Hardware Holdings, Inc common stock (NYSE:RH) last posted its quarterly earnings data on Tuesday, September 4th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.30. Restoration Hardware Holdings, Inc common stock had a return on equity of 520.85% and a net margin of 4.29%. The business had revenue of $642.00 million for the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. equities research analysts predict that Restoration Hardware Holdings, Inc common stock will post 7.57 EPS for the current fiscal year.

In other Restoration Hardware Holdings, Inc common stock news, insider Demonty Price sold 7,777 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $152.01, for a total value of $1,182,181.77. Following the transaction, the insider now directly owns 39,507 shares of the company’s stock, valued at $6,005,459.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Boone sold 29,876 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $152.19, for a total value of $4,546,828.44. Following the completion of the transaction, the insider now directly owns 43,087 shares in the company, valued at $6,557,410.53. The disclosure for this sale can be found here. Insiders sold 41,653 shares of company stock worth $6,354,650 over the last three months. 29.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Restoration Hardware Holdings, Inc common stock during the first quarter worth about $45,359,000. Prudential Financial Inc. increased its position in shares of 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 worth $48,689,000 after acquiring an additional 435,364 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Restoration Hardware Holdings, Inc common stock by 100.7% during the first quarter. SG Americas Securities LLC now owns 1,602 shares of the company’s stock worth $153,000 after acquiring an additional 224,707 shares during the last quarter. BlackRock Inc. increased its position in shares of 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 worth $240,889,000 after acquiring an additional 107,535 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of 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 worth $23,470,000 after acquiring an additional 76,343 shares during the last quarter.

About Restoration Hardware Holdings, Inc common stock

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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