KeyCorp cut shares of Restoration Hardware Holdings Inc. (NYSE:RH) to an overweight rating in a research report report published on Friday, July 14th. KeyCorp currently has $65.86 target price on the stock. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the stock. Oppenheimer Holdings, Inc. reaffirmed a market perform rating on shares of Restoration Hardware Holdings in a research report on Sunday, June 18th. Loop Capital reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Citigroup Inc. reaffirmed a buy rating and issued a $52.00 target price (down previously from $62.00) on shares of Restoration Hardware Holdings in a research report on Monday, June 5th. Wolfe Research upped their target price on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a peer perform rating in a research report on Friday, May 12th. Finally, UBS AG increased their price target on shares of Restoration Hardware Holdings from $34.00 to $45.00 and gave the stock a neutral rating in a research report on Wednesday, March 29th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $54.07.
Restoration Hardware Holdings (RH) opened at 56.00 on Friday. The firm’s 50 day moving average is $65.42 and its 200 day moving average is $48.18. The company has a market cap of $1.86 billion, a PE ratio of 146.60 and a beta of 1.47. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91.
Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The firm had revenue of $562.10 million during the quarter, compared to analyst estimates of $560.30 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Restoration Hardware Holdings’s quarterly revenue was up 23.4% on a year-over-year basis. Analysts forecast that Restoration Hardware Holdings will post $2.14 EPS for the current fiscal year.
Restoration Hardware Holdings declared that its Board of Directors has initiated a share repurchase program on Thursday, May 4th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 37.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the period. Public Employees Retirement System of Ohio raised its position in Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the period. Sei Investments Co. raised its position in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Restoration Hardware Holdings during the first quarter worth $155,000. Finally, PNC Financial Services Group Inc. raised its position in Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares during the period.
Restoration Hardware Holdings Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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