Brokers Issue Forecasts for Restoration Hardware Holdings Inc.’s Q4 2018 Earnings (RH)

Restoration Hardware Holdings Inc. (NYSE:RH) – Equities researchers at KeyCorp lifted their Q4 2018 earnings per share (EPS) estimates for shares of Restoration Hardware Holdings in a research note issued on Wednesday. KeyCorp analyst B. Thomas now anticipates that the company will post earnings per share of $1.50 for the quarter, up from their previous forecast of $1.46. KeyCorp currently has a “Sector Weight” rating on the stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies boosted their price objective on Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, September 7th. Citigroup Inc. cut Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $63.00 to $76.00 in a research note on Monday, July 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Finally, Robert W. Baird set a $60.00 price objective on Restoration Hardware Holdings and gave the stock a “hold” rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.42.

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Shares of Restoration Hardware Holdings (RH) traded up 2.13% during midday trading on Monday, reaching $80.50. The company’s stock had a trading volume of 437,117 shares. The firm’s 50 day moving average is $67.67 and its 200 day moving average is $58.91. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4236.84 and a beta of 1.62. Restoration Hardware Holdings has a 52 week low of $24.41 and a 52 week high of $81.61.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. During the same quarter last year, the company earned $0.44 EPS. Restoration Hardware Holdings’s revenue for the quarter was up 13.2% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in RH. BlackRock Inc. grew its holdings in shares of Restoration Hardware Holdings by 18,735.0% during the first quarter. BlackRock Inc. now owns 4,680,693 shares of the company’s stock valued at $216,529,000 after purchasing an additional 4,655,842 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Restoration Hardware Holdings by 14.5% during the first quarter. Vanguard Group Inc. now owns 3,352,950 shares of the company’s stock valued at $155,107,000 after purchasing an additional 423,925 shares during the last quarter. Credit Suisse AG bought a new position in shares of Restoration Hardware Holdings during the first quarter valued at approximately $15,995,000. Geode Capital Management LLC grew its holdings in shares of Restoration Hardware Holdings by 9.9% during the first quarter. Geode Capital Management LLC now owns 309,328 shares of the company’s stock valued at $14,309,000 after purchasing an additional 27,821 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Restoration Hardware Holdings by 102.4% during the first quarter. Principal Financial Group Inc. now owns 295,517 shares of the company’s stock valued at $13,671,000 after purchasing an additional 149,509 shares during the last quarter. 95.71% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Gary G. Friedman acquired 14,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $70.94 per share, with a total value of $993,160.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,212,051 shares in the company, valued at $156,922,897.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary G. Friedman acquired 13,959 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was purchased at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

About Restoration Hardware Holdings

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.

Earnings History and Estimates for Restoration Hardware Holdings (NYSE:RH)

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