William Blair Weighs in on Restoration Hardware Holdings, Inc’s FY2020 Earnings (NYSE:RH)

Restoration Hardware Holdings, Inc (NYSE:RH) – Stock analysts at William Blair boosted their FY2020 earnings estimates for Restoration Hardware in a research note issued to investors on Thursday, December 5th. William Blair analyst D. Hofkin now expects that the company will earn $11.70 per share for the year, up from their prior estimate of $10.95. William Blair also issued estimates for Restoration Hardware’s Q4 2020 earnings at $3.62 EPS, Q1 2021 earnings at $2.48 EPS, Q2 2021 earnings at $3.81 EPS and Q4 2021 earnings at $4.14 EPS.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.22 by $0.57. The company had revenue of $676.70 million during the quarter, compared to analysts’ expectations of $676.54 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. Restoration Hardware’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.60 EPS.

A number of other equities research analysts have also recently commented on RH. Robert W. Baird reaffirmed an “in-line” rating and set a $220.00 price objective (up from $168.00) on shares of Restoration Hardware in a research note on Thursday. Telsey Advisory Group raised their target price on Restoration Hardware from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Thursday, September 19th. Barclays began coverage on Restoration Hardware in a research report on Tuesday, November 12th. They set an “overweight” rating and a $198.00 target price for the company. UBS Group boosted their target price on Restoration Hardware to $210.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, ValuEngine raised Restoration Hardware from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $172.36.

NYSE:RH opened at $233.17 on Friday. Restoration Hardware has a 12-month low of $84.11 and a 12-month high of $233.33. The firm has a market capitalization of $3.84 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.50 and a beta of 1.81. The stock’s fifty day simple moving average is $188.00 and its 200-day simple moving average is $146.64.

An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC acquired a new position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 487 shares of the company’s stock, valued at approximately $56,000.

In other news, insider Eri Chaya sold 20,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $167.56, for a total transaction of $3,351,200.00. Following the completion of the sale, the insider now owns 79,337 shares of the company’s stock, valued at $13,293,707.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Belling sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $182.47, for a total transaction of $729,880.00. Following the sale, the director now directly owns 16,646 shares of the company’s stock, valued at approximately $3,037,395.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,790 shares of company stock valued at $10,012,127. 36.40% of the stock is owned by company insiders.

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.

Read More: Neutral Rating

Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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