Restoration Hardware (NYSE:RH) Price Target Raised to $170.00

Restoration Hardware (NYSE:RH) had its target price hoisted by Wedbush from $160.00 to $170.00 in a report issued on Wednesday morning, The Fly reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for Restoration Hardware’s Q3 2020 earnings at $2.21 EPS, Q4 2020 earnings at $3.39 EPS, FY2020 earnings at $10.76 EPS, Q1 2021 earnings at $2.15 EPS, Q2 2021 earnings at $3.36 EPS, Q3 2021 earnings at $2.45 EPS, Q4 2021 earnings at $3.95 EPS, FY2021 earnings at $11.91 EPS and FY2022 earnings at $13.08 EPS.

Several other equities research analysts have also issued reports on the company. Raymond James reissued a hold rating on shares of Restoration Hardware in a research note on Monday, June 17th. Goldman Sachs Group initiated coverage on Restoration Hardware in a research note on Thursday, July 11th. They set a neutral rating and a $129.00 price objective for the company. Zacks Investment Research raised Restoration Hardware from a sell rating to a hold rating and set a $115.00 price objective for the company in a research note on Friday, June 14th. UBS Group lifted their price objective on Restoration Hardware from $126.00 to $138.00 and gave the company a neutral rating in a research note on Tuesday, July 30th. Finally, Telsey Advisory Group lifted their price objective on Restoration Hardware from $140.00 to $175.00 and gave the company a market perform rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Restoration Hardware has a consensus rating of Hold and an average price target of $157.86.

Restoration Hardware stock opened at $173.63 on Wednesday. Restoration Hardware has a one year low of $84.11 and a one year high of $174.41. The business has a fifty day moving average price of $141.69 and a 200-day moving average price of $121.44. The firm has a market capitalization of $3.23 billion, a P/E ratio of 20.33, a PEG ratio of 1.25 and a beta of 1.77.



Restoration Hardware (NYSE:RH) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $706.51 million during the quarter, compared to analyst estimates of $698.00 million. On average, research analysts forecast 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 the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. Following the sale, the director now owns 1,002 shares in the company, valued at $150,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 6,000 shares of company stock worth $900,000 in the last 90 days. Company insiders own 36.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 worth $617,000 after buying an additional 198 shares during the period. Griffin Asset Management Inc. purchased a new position in shares of Restoration Hardware in the second quarter worth about $62,000. Finally, Tiverton Asset Management LLC purchased a new position in shares of Restoration Hardware in the second quarter worth about $56,000.

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.

Featured Article: What are some reasons analysts would give stocks a buy rating?

The Fly

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.