Restoration Hardware (NYSE:RH) Price Target Raised to $185.00

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

Several other analysts have also recently issued reports on the company. Goldman Sachs Group initiated coverage on Restoration Hardware in a research note on Thursday, July 11th. They issued a neutral rating and a $129.00 target price on the stock. Zacks Investment Research raised Restoration Hardware from a sell rating to a hold rating and set a $115.00 target price on the stock in a research note on Friday, June 14th. Gordon Haskett raised Restoration Hardware from a reduce rating to a hold rating and set a $86.50 target price on the stock in a research note on Tuesday, June 4th. Wedbush raised their target price on Restoration Hardware from $160.00 to $170.00 and gave the stock an outperform rating in a research note on Wednesday, September 11th. Finally, Cowen reissued a hold rating and issued a $120.00 target price on shares of Restoration Hardware in a research note on Tuesday, June 18th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $160.69.

NYSE RH opened at $169.00 on Thursday. The stock has a market capitalization of $3.17 billion, a PE ratio of 17.33, a PEG ratio of 1.24 and a beta of 1.77. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $175.29. The business’s 50-day moving average is $147.01 and its 200 day moving average is $122.09.



Restoration Hardware (NYSE:RH) last posted 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. The company had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.00 million. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. As a group, equities analysts anticipate that Restoration Hardware will post 10.94 EPS for the current year.

In other news, insider Demonty Price sold 23,900 shares of Restoration Hardware stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 56,949 shares in the company, valued at $9,753,655.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 1,002 shares of the company’s stock, valued at $150,300. The disclosure for this sale can be found here. Insiders sold 34,590 shares of company stock valued at $5,814,103 over the last 90 days. 36.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. purchased a new position in shares of Restoration Hardware during the second quarter valued at approximately $62,000. Tiverton Asset Management LLC purchased a new position in shares of Restoration Hardware during the second quarter valued at approximately $56,000. Finally, Mason Street Advisors LLC lifted its holdings 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 last quarter.

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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