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

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Restoration Hardware (NYSE:RH) had its target price boosted by stock analysts at Wedbush from $170.00 to $185.00 in a report released on Friday, September 20th, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price suggests a potential upside of 3.17% from the stock’s previous close. Wedbush also issued estimates for Restoration Hardware’s Q3 2020 earnings at $2.26 EPS, Q4 2020 earnings at $3.59 EPS, FY2020 earnings at $11.01 EPS, Q2 2021 earnings at $3.56 EPS, Q3 2021 earnings at $2.65 EPS, Q4 2021 earnings at $4.12 EPS and FY2021 earnings at $12.64 EPS.

A number of other research firms have also recently issued reports on RH. UBS Group lifted their price target on shares of Restoration Hardware from $138.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Bank of America lifted their price target on shares of Restoration Hardware from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Citigroup lifted their price target on shares of Restoration Hardware from $148.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Goldman Sachs Group began coverage on shares of Restoration Hardware in a research note on Thursday, July 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Finally, Raymond James reaffirmed a “hold” rating on shares of Restoration Hardware in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company’s stock. Restoration Hardware has an average rating of “Hold” and an average price target of $162.61.

Shares of RH stock traded up $2.50 on Friday, hitting $179.31. 825,617 shares of the company’s stock traded hands, compared to its average volume of 989,151. Restoration Hardware has a one year low of $84.11 and a one year high of $181.41. The company’s fifty day simple moving average is $160.77 and its 200 day simple moving average is $125.35. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.27 and a beta of 1.78.

Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.50. The company had revenue of $706.51 million for the quarter, compared to analyst estimates of $698.00 million. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. As a group, equities research analysts anticipate that Restoration Hardware will post 10.93 EPS for the current year.

In related news, insider Eri Chaya sold 20,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $167.56, for a total transaction of $3,351,200.00. Following the sale, the insider now owns 79,337 shares of the company’s stock, valued at $13,293,707.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 1,002 shares in the company, valued at approximately $150,300. The disclosure for this sale can be found here. Insiders sold a total of 58,790 shares of company stock valued at $9,872,247 over the last ninety days. 36.40% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Tiverton Asset Management LLC acquired a new position in shares of Restoration Hardware in the 2nd quarter worth approximately $56,000. Griffin Asset Management Inc. purchased a new position in Restoration Hardware in the second quarter valued at about $62,000. Finally, Mason Street Advisors LLC grew its stake in Restoration Hardware by 3.4% in 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 in the last quarter.

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.

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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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