Restoration Hardware (NYSE:RH) updated its FY 2019
After-Hours earnings guidance on Wednesday. The company provided earnings per share guidance of 11.58-11.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.86. The company issued revenue guidance of $2.685-2.694 billion, compared to the consensus revenue estimate of $2.69 billion.Restoration Hardware also updated its Q4 2019
After-Hours guidance to 3.50-3.62 EPS.
Several research firms have weighed in on RH. Barclays began coverage on shares of Restoration Hardware in a research report on Tuesday, November 12th. They issued an overweight rating and a $198.00 price objective for the company. Loop Capital cut shares of Restoration Hardware from a buy rating to a hold rating in a research report on Wednesday, November 27th. Telsey Advisory Group raised 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 report on Thursday, September 19th. Wells Fargo & Co restated a buy rating and issued a $225.00 price objective on shares of Restoration Hardware in a research report on Monday, November 25th. Finally, Bank of America raised their price objective on shares of Restoration Hardware from $165.00 to $175.00 and gave the company a buy rating in a research report on Wednesday, September 11th. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $166.38.
Shares of NYSE:RH traded up $5.72 during trading on Wednesday, hitting $205.62. 2,096,578 shares of the company’s stock were exchanged, compared to its average volume of 1,023,657. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $208.33. The firm has a 50-day moving average price of $186.55 and a two-hundred day moving average price of $145.43. The firm has a market cap of $3.84 billion, a P/E ratio of 24.08, a PEG ratio of 1.50 and a beta of 1.81.
Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, topping the consensus estimate of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The company had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. On average, research analysts predict that Restoration Hardware will post 10.95 EPS for the current fiscal 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 sale, the insider now owns 56,949 shares in the company, valued at approximately $9,753,655.23. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark S. Demilio sold 2,000 shares of Restoration Hardware stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $150,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,790 shares of company stock valued at $10,312,127. 36.40% of the stock is owned by corporate insiders.
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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