Restoration Hardware (NYSE:RH) Price Target Increased to $185.00 by Analysts at Telsey Advisory Group

Restoration Hardware (NYSE:RH) had its target price increased by Telsey Advisory Group from $175.00 to $185.00 in a research report sent to investors on Thursday morning, Briefing.com Automated Import reports. They currently have a market perform rating on the stock.

A number of other analysts have also recently weighed in on RH. Zacks Investment Research raised Restoration Hardware from a sell rating to a hold rating and set a $115.00 price target for the company in a research report on Friday, June 14th. Robert W. Baird boosted their price target on Restoration Hardware from $150.00 to $168.00 and gave the stock a neutral rating in a research report on Wednesday, September 11th. Bank of America boosted their price target on Restoration Hardware from $165.00 to $175.00 and gave the stock a buy rating in a research report on Wednesday, September 11th. Guggenheim boosted their price target on Restoration Hardware from $175.00 to $200.00 and gave the stock a buy rating in a research report on Wednesday, September 11th. Finally, Citigroup boosted their price target on Restoration Hardware from $148.00 to $163.00 and gave the stock a buy rating in a research report on Tuesday, July 30th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $160.69.

Shares of NYSE RH opened at $169.00 on Thursday. The business’s 50-day moving average price is $147.01 and its two-hundred day moving average price is $122.09. Restoration Hardware has a one year low of $84.11 and a one year high of $175.29. The company has a market capitalization of $3.17 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.77.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.50. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. On average, equities research analysts forecast that Restoration Hardware will post 10.94 EPS for the current fiscal year.

In related news, insider Demonty Price sold 23,900 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.27, for a total transaction of $4,093,353.00. Following the completion of the transaction, the insider now owns 56,949 shares of the company’s stock, valued at approximately $9,753,655.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. Following the transaction, the director now directly owns 1,002 shares of the company’s stock, valued at approximately $150,300. The disclosure for this sale can be found here. Insiders have sold a total of 34,590 shares of company stock valued at $5,814,103 in the last three months. 36.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new position in Restoration Hardware in the 2nd quarter valued at approximately $62,000. Tiverton Asset Management LLC acquired a new position in Restoration Hardware in the 2nd quarter valued at approximately $56,000. Finally, Mason Street Advisors LLC raised its holdings in Restoration Hardware by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after acquiring an additional 198 shares in the last quarter.

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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