Shares of Restoration Hardware Holdings, Inc (NYSE:RH) have received a consensus recommendation of “Buy” from the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $225.88.
A number of analysts recently issued reports on the stock. ValuEngine raised shares of Restoration Hardware from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. increased their target price on shares of Restoration Hardware from $135.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Goldman Sachs Group increased their target price on shares of Restoration Hardware from $120.00 to $232.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Telsey Advisory Group increased their target price on shares of Restoration Hardware from $110.00 to $255.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 3rd. Finally, Cowen dropped their target price on shares of Restoration Hardware from $238.00 to $110.00 in a research report on Tuesday, March 31st.
An institutional investor recently bought a new position in Restoration Hardware stock. Archer Investment Corp bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 156 shares of the company’s stock, valued at approximately $33,000.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.95. The business had revenue of $482.90 million for the quarter, compared to analyst estimates of $481.52 million. Restoration Hardware had a net margin of 7.17% and a negative return on equity of 507.50%. The company’s revenue was down 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 EPS. As a group, research analysts forecast that Restoration Hardware will post 11.45 earnings per share for the current fiscal year.
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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