Wedbush Comments on Restoration Hardware Holdings, Inc’s Q3 2021 Earnings (NYSE:RH)

Restoration Hardware Holdings, Inc (NYSE:RH) – Research analysts at Wedbush raised their Q3 2021 earnings per share estimates for Restoration Hardware in a research report issued to clients and investors on Thursday, December 5th. Wedbush analyst S. Basham now expects that the company will earn $3.45 per share for the quarter, up from their prior forecast of $2.65. Wedbush currently has a “Outperform” rating and a $185.00 target price on the stock. Wedbush also issued estimates for Restoration Hardware’s Q4 2021 earnings at $4.57 EPS, FY2021 earnings at $14.52 EPS and FY2022 earnings at $16.02 EPS.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Wednesday, December 4th. The company reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.57. Restoration Hardware had a net margin of 7.09% and a negative return on equity of 201.80%. The company had revenue of $676.70 million during the quarter, compared to the consensus estimate of $676.54 million. During the same period in the prior year, the business earned $1.60 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on RH. Guggenheim restated a “buy” rating and set a $275.00 price target (up from $200.00) on shares of Restoration Hardware in a report on Monday. Robert W. Baird raised their price objective on shares of Restoration Hardware from $168.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Telsey Advisory Group lifted their price objective on shares of Restoration Hardware from $175.00 to $185.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Wells Fargo & Co boosted their target price on shares of Restoration Hardware from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Bank of America reissued a “buy” rating and set a $235.00 target price (up from $228.00) on shares of Restoration Hardware in a research note on Friday. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $183.03.

NYSE:RH opened at $237.37 on Monday. The stock’s 50-day moving average is $192.70 and its 200-day moving average is $149.58. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $243.67. The stock has a market cap of $4.60 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.81.

In related news, insider Eri Chaya sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $167.56, for a total value of $3,351,200.00. Following the transaction, the insider now owns 79,337 shares of the company’s stock, valued at approximately $13,293,707.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith Belling sold 4,000 shares of Restoration Hardware stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $182.47, for a total value of $729,880.00. Following the transaction, the director now 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 quarter, insiders sold 56,790 shares of company stock worth $9,702,127. 36.40% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Restoration Hardware stock. Griffin Asset Management Inc. purchased a new position in shares of Restoration Hardware Holdings, Inc (NYSE:RH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 535 shares of the company’s stock, valued at approximately $62,000.

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

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