Restoration Hardware (NYSE:RH) Price Target Raised to $230.00

Restoration Hardware (NYSE:RH) had its price target lifted by research analysts at Stifel Nicolaus from $202.00 to $230.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 4.95% from the company’s previous close.

Several other research analysts have also weighed in on RH. Guggenheim set a $200.00 target price on shares of Restoration Hardware and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Robert W. Baird boosted their price target on shares of Restoration Hardware from $168.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group restated a “neutral” rating and issued a $210.00 price objective on shares of Restoration Hardware in a report on Thursday. Wolfe Research started coverage on shares of Restoration Hardware in a research report on Tuesday, October 8th. They set a “hold” rating and a $197.00 price objective for the company. Finally, Wells Fargo & Co lifted their price objective on Restoration Hardware from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday. Thirteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Restoration Hardware has an average rating of “Hold” and an average target price of $178.86.

Shares of Restoration Hardware stock opened at $241.97 on Thursday. Restoration Hardware has a 52 week low of $84.11 and a 52 week high of $243.67. The business’s fifty day simple moving average is $189.19 and its 200-day simple moving average is $147.38. The firm has a market cap of $4.52 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.81.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.57. The firm had revenue of $676.70 million during the quarter, compared to the consensus estimate of $676.54 million. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.60 EPS. On average, research analysts expect that Restoration Hardware will post 10.95 earnings per share for the current year.

In other Restoration Hardware news, insider Demonty Price sold 23,900 shares of the stock in a transaction on 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 sale, the insider now owns 56,949 shares in the company, valued at approximately $9,753,655.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Glenda M. Citragno sold 4,690 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $175.00, for a total value of $820,750.00. Following the transaction, the chief accounting officer now directly owns 2,750 shares of the company’s stock, valued at approximately $481,250. The disclosure for this sale can be found here. Insiders sold a total of 58,790 shares of company stock valued at $10,012,127 over the last ninety days. 36.40% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Restoration Hardware stock. Tiverton Asset Management LLC bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 487 shares of the company’s stock, valued at approximately $56,000.

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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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