Restoration Hardware (RH) Given New $180.00 Price Target at JPMorgan Chase & Co.

Restoration Hardware (NYSE:RH) had its price objective upped by JPMorgan Chase & Co. to $180.00 in a research note published on Tuesday morning, The Fly reports. The analysts noted that the move was a valuation call.

Several other equities analysts have also weighed in on the company. Loop Capital lifted their price objective on Restoration Hardware to $200.00 and gave the company an average rating in a research note on Tuesday. Wells Fargo & Co reaffirmed an outperform rating and issued a $145.00 price objective on shares of Restoration Hardware in a research note on Tuesday, November 27th. Gordon Haskett lowered Restoration Hardware from an accumulate rating to a hold rating in a research note on Thursday, November 8th. Wedbush began coverage on Restoration Hardware in a research note on Monday, October 22nd. They issued an outperform rating and a $145.00 price objective on the stock. Finally, Stifel Nicolaus raised Restoration Hardware from a hold rating to a buy rating and lifted their price objective for the company from $142.00 to $150.00 in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $152.28.

NYSE RH opened at $137.01 on Tuesday. The stock has a market capitalization of $3.02 billion, a PE ratio of 44.92, a PEG ratio of 0.81 and a beta of 2.04. Restoration Hardware has a 1-year low of $74.50 and a 1-year high of $164.49. The company has a current ratio of 0.80, a quick ratio of 0.17 and a debt-to-equity ratio of 26.22.

Restoration Hardware (NYSE:RH) last released its quarterly earnings data on Monday, December 3rd. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.46. The business had revenue of $636.60 million for the quarter, compared to analyst estimates of $632.25 million. Restoration Hardware had a return on equity of 404.46% and a net margin of 4.58%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Sell-side analysts expect that Restoration Hardware will post 8.01 EPS for the current fiscal year.

In other Restoration Hardware news, Director Ali Rowghani sold 3,024 shares of Restoration Hardware stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $129.68, for a total transaction of $392,152.32. Following the sale, the director now directly owns 6,953 shares in the company, valued at approximately $901,665.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary G. Friedman acquired 7,622 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average price of $131.19 per share, for a total transaction of $999,930.18. Following the completion of the acquisition, the chief executive officer now directly owns 2,253,332 shares in the company, valued at $295,614,625.08. The disclosure for this purchase can be found here. Company insiders own 29.70% of the company’s stock.

An institutional investor recently raised its position in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its position in Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,238 shares of the company’s stock after acquiring an additional 3,403 shares during the quarter. BNP Paribas Arbitrage SA owned 0.08% of Restoration Hardware worth $2,408,000 as of its most recent SEC filing.

Restoration Hardware 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, décor, 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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