Restoration Hardware (NYSE:RH) PT Raised to $150.00 at Loop Capital

Restoration Hardware (NYSE:RH) had its price objective lifted by stock analysts at Loop Capital to $150.00 in a note issued to investors on Tuesday, July 30th, The Fly reports. The firm currently has an “average” rating on the stock. Loop Capital’s price target indicates a potential upside of 2.28% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages also recently weighed in on RH. Goldman Sachs Group started coverage on Restoration Hardware in a research note on Thursday, July 11th. They issued a “neutral” rating and a $129.00 target price on the stock. ValuEngine upgraded Restoration Hardware from a “sell” rating to a “hold” rating in a research note on Tuesday, July 16th. 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. Zacks Investment Research upgraded Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price objective on the stock in a research note on Friday, June 14th. Finally, Stifel Nicolaus upped their price objective on Restoration Hardware from $140.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Fourteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price 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 announced its earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share 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 for the quarter, compared to the consensus estimate of $583.69 million. During the same quarter in the previous year, the business earned $1.33 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. 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 grew its stake 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 valued at $617,000 after buying an additional 198 shares during the last quarter.

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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Analyst Recommendations for Restoration Hardware (NYSE:RH)

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