Restoration Hardware (NYSE:RH) Price Target Raised to $160.00 at UBS Group

Restoration Hardware (NYSE:RH) had its price objective raised by UBS Group from $138.00 to $160.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.

RH has been the topic of several other reports. Wedbush raised their target price on shares of Restoration Hardware from $160.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday. Cowen reissued a hold rating and issued a $120.00 target price on shares of Restoration Hardware in a research report on Tuesday, June 18th. Raymond James reissued a hold rating on shares of Restoration Hardware in a research report on Monday, June 17th. Telsey Advisory Group raised their target price on shares of Restoration Hardware from $140.00 to $175.00 and gave the stock a market perform rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Restoration Hardware from $153.00 to $196.00 and gave the stock a buy rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $157.86.

RH opened at $173.63 on Wednesday. The company’s 50 day simple moving average is $141.69 and its 200 day simple moving average is $121.44. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $174.41. The stock has a market capitalization of $3.23 billion, a PE ratio of 20.33, a P/E/G ratio of 1.25 and a beta of 1.77.

Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The business had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.00 million. On average, research analysts expect that Restoration Hardware will post 10.68 earnings per share for the current year.

In other Restoration Hardware news, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total transaction of $290,000.00. Following the transaction, the director now directly owns 1,917 shares of the company’s stock, valued at $277,965. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 6,000 shares of company stock worth $900,000. 36.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in RH. Tiverton Asset Management LLC acquired a new position in Restoration Hardware during the second quarter valued at approximately $56,000. Griffin Asset Management Inc. purchased a new stake in shares of Restoration Hardware during the second quarter valued at approximately $62,000. Finally, Mason Street Advisors LLC raised its stake in shares of Restoration Hardware by 3.4% during 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

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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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