Restoration Hardware (NYSE:RH) announced its quarterly earnings results on Wednesday. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.31, Briefing.com reports. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. The company had revenue of $598.42 million during the quarter, compared to the consensus estimate of $583.69 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Restoration Hardware updated its FY 2019 guidance to $8.76-9.27 EPS and its FY20 guidance to $8.76-9.27 EPS.
RH stock opened at $94.89 on Thursday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 11.11, a P/E/G ratio of 0.90 and a beta of 1.64. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $162.10. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.74 and a quick ratio of 0.16.
Several equities analysts have recently issued reports on RH shares. Citigroup reduced their price target on shares of Restoration Hardware from $200.00 to $157.00 and set a “buy” rating for the company in a report on Monday, April 1st. Stifel Nicolaus reduced their price target on shares of Restoration Hardware from $180.00 to $145.00 and set a “buy” rating for the company in a report on Friday, March 29th. Loop Capital reduced their price target on shares of Restoration Hardware to $140.00 and set a “buy” rating for the company in a report on Friday, March 29th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “buy” rating and set a $175.00 price target on shares of Restoration Hardware in a report on Thursday, March 21st. Finally, Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a report on Monday, February 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $137.16.
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, bathware, 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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