Restoration Hardware (NYSE:RH) Share Price Passes Above Two Hundred Day Moving Average of $120.54

Restoration Hardware Holdings, Inc (NYSE:RH) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $120.54 and traded as high as $141.97. Restoration Hardware shares last traded at $140.82, with a volume of 6,307 shares.

A number of analysts have issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $140.00 target price (up from $130.00) on shares of Restoration Hardware in a research note on Tuesday, July 30th. Stifel Nicolaus raised their price objective on Restoration Hardware from $140.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Cowen reissued a “hold” rating and set a $120.00 price objective on shares of Restoration Hardware in a research report on Tuesday, June 18th. Gordon Haskett raised Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 price objective for the company in a research report on Tuesday, June 4th. Finally, ValuEngine raised Restoration Hardware from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Fourteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $143.53.

The company has a market cap of $2.59 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.18 and a beta of 1.76. The firm has a 50-day simple moving average of $129.94 and a 200 day simple moving average of $120.54.

Restoration Hardware (NYSE:RH) last released its quarterly earnings results on Wednesday, June 12th. The company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.54 by $0.31. The company had revenue of $598.42 million for the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. Analysts predict that Restoration Hardware Holdings, Inc will post 9.43 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tiverton Asset Management LLC acquired a new position in shares of Restoration Hardware in the second quarter valued at approximately $56,000. Griffin Asset Management Inc. acquired a new position in shares of Restoration Hardware in the second quarter valued at approximately $62,000. Finally, Mason Street Advisors LLC increased its holdings in shares of Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after purchasing an additional 198 shares during the period.

About Restoration Hardware (NYSE:RH)

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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