Restoration Hardware Holdings Inc. (RH) Price Target Increased to $66.00 by Analysts at Telsey Advisory Group

Restoration Hardware Holdings Inc. (NYSE:RH) had its price objective boosted by Telsey Advisory Group from $60.00 to $66.00 in a report published on Thursday, September 7th, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the stock.

Several other analysts also recently weighed in on RH. UBS AG reaffirmed a neutral rating and set a $45.00 target price on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. BidaskClub downgraded Restoration Hardware Holdings from a buy rating to a hold rating in a research note on Thursday, August 3rd. Barclays PLC set a $65.00 price objective on Restoration Hardware Holdings and gave the stock a hold rating in a research note on Sunday, July 16th. Finally, Buckingham Research raised Restoration Hardware Holdings from an underperform rating to a neutral rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $59.55.

Shares of Restoration Hardware Holdings (RH) traded down 0.80% during trading on Thursday, hitting $72.22. 916,684 shares of the company traded hands. The company has a 50-day moving average of $56.93 and a 200-day moving average of $53.93. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The stock has a market capitalization of $1.53 billion, a PE ratio of 3801.05 and a beta of 1.53.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Equities analysts expect that Restoration Hardware Holdings will post $2.59 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/09/24/restoration-hardware-holdings-inc-rh-pt-raised-to-66-00-at-telsey-advisory-group.html.

In other Restoration Hardware Holdings news, CEO Gary G. Friedman acquired 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its stake in Restoration Hardware Holdings by 41.4% during the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after acquiring an additional 464 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares during the period. Sei Investments Co. grew its stake in shares of Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after purchasing an additional 730 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Restoration Hardware Holdings in the 1st quarter valued at approximately $155,000.

Several other analysts also recently weighed in on RH. UBS AG reaffirmed a neutral rating and set a $45.00 target price on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. BidaskClub downgraded Restoration Hardware Holdings from a buy rating to a hold rating in a research note on Thursday, August 3rd. Barclays PLC set a $65.00 price objective on Restoration Hardware Holdings and gave the stock a hold rating in a research note on Sunday, July 16th. Finally, Buckingham Research raised Restoration Hardware Holdings from an underperform rating to a neutral rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $59.55.

Shares of Restoration Hardware Holdings (RH) traded down 0.80% during trading on Thursday, hitting $72.22. 916,684 shares of the company traded hands. The company has a 50-day moving average of $56.93 and a 200-day moving average of $53.93. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The stock has a market capitalization of $1.53 billion, a PE ratio of 3801.05 and a beta of 1.53.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. Equities analysts expect that Restoration Hardware Holdings will post $2.59 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://ledgergazette.com/2017/09/24/restoration-hardware-holdings-inc-rh-pt-raised-to-66-00-at-telsey-advisory-group.html.

In other Restoration Hardware Holdings news, CEO Gary G. Friedman acquired 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its stake in Restoration Hardware Holdings by 41.4% during the second quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock valued at $102,000 after acquiring an additional 464 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Restoration Hardware Holdings by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock valued at $122,000 after purchasing an additional 698 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Restoration Hardware Holdings by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock valued at $106,000 after purchasing an additional 255 shares during the period. Sei Investments Co. grew its stake in shares of Restoration Hardware Holdings by 36.7% in the 1st quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after purchasing an additional 730 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Restoration Hardware Holdings in the 1st quarter valued at approximately $155,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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