Restoration Hardware (RH) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Restoration Hardware (NYSE: RH) in the last few weeks:

  • 5/30/2019 – Restoration Hardware was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $92.00 price target on the stock. According to Zacks, “Shares of RH have declined so far this year. Earnings estimates for fiscal 2020 have been trending downward over the past 60 days, depicting analysts’ concerns over the stock’s bottom-line growth potential. Continued softness in the housing market over the last few quarters, and ongoing exit from unprofitable and non-strategic businesses are affecting its profitability. Nonetheless, the transformation to a membership model, rationalization of product offerings and the expansion of its chain of restaurants are raising optimism.”
  • 5/28/2019 – Restoration Hardware had its price target lowered by analysts at Bank of America Corp from $85.00 to $75.00. They now have an “underperform” rating on the stock.
  • 5/13/2019 – Restoration Hardware was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/13/2019 – Restoration Hardware was downgraded by analysts at Gordon Haskett from a “hold” rating to a “reduce” rating. They now have a $88.00 price target on the stock.

Shares of NYSE RH traded up $1.36 during trading on Monday, hitting $86.51. The stock had a trading volume of 28,910 shares, compared to its average volume of 788,678. Restoration Hardware Holdings, Inc has a 12 month low of $84.11 and a 12 month high of $164.49. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.74 and a quick ratio of 0.16. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.81 and a beta of 1.64.

Restoration Hardware (NYSE:RH) last issued its earnings results on Thursday, March 28th. The company reported $3.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.83 by $0.17. Restoration Hardware had a return on equity of 522.94% and a net margin of 6.01%. The business had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $686.44 million. During the same period in the prior year, the business earned $1.69 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts anticipate that Restoration Hardware Holdings, Inc will post 8.39 EPS for the current fiscal year.

An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC lifted its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,996 shares of the company’s stock after acquiring an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 at the end of the most recent reporting period.

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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