Restoration Hardware (NYSE:RH) PT Raised to $163.00 at Citigroup

Restoration Hardware (NYSE:RH) had its target price raised by Citigroup from $148.00 to $163.00 in a report released on Tuesday, July 30th, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on RH. Telsey Advisory Group restated a market perform rating and issued a $140.00 target price (up previously from $130.00) on shares of Restoration Hardware in a research note on Tuesday, July 30th. Stifel Nicolaus upped their price objective on Restoration Hardware from $120.00 to $140.00 and gave the company a buy rating in a research note on Thursday, June 13th. They noted that the move was a valuation call. Gordon Haskett upgraded Restoration Hardware from a reduce rating to a hold rating and set a $86.50 price objective on the stock in a research note on Tuesday, June 4th. Wells Fargo & Co reiterated a buy rating and issued a $150.00 price objective (down previously from $160.00) on shares of Restoration Hardware in a research note on Wednesday, June 12th. Finally, Bank of America dropped their price objective on Restoration Hardware from $85.00 to $75.00 and set an underperform rating on the stock in a research note on Tuesday, May 28th. Fourteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $143.53.

RH traded up $2.11 during midday trading on Tuesday, reaching $146.66. 468,968 shares of the company were exchanged, compared to its average volume of 1,044,851. The company’s fifty day moving average price is $131.48 and its 200 day moving average price is $120.70. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.20 and a beta of 1.76. Restoration Hardware has a one year low of $84.11 and a one year high of $162.10.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.31. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. The firm had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. During the same period in the previous year, the company posted $1.33 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Restoration Hardware will post 9.43 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RH. Griffin Asset Management Inc. bought a new position in shares of Restoration Hardware during the second quarter valued at about $62,000. Tiverton Asset Management LLC bought a new position in shares of Restoration Hardware during the second quarter valued at about $56,000. Finally, Mason Street Advisors LLC boosted 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 worth $617,000 after purchasing an additional 198 shares during the period.

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.

Featured Story: Convertible Shares

Analyst Recommendations for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.