Restoration Hardware (RH) Issues Q4 Earnings Guidance

Restoration Hardware (NYSE:RH) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.47-1.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.56. The company issued revenue guidance of $655-680 million, compared to the consensus revenue estimate of $673.50 million.

Restoration Hardware (NYSE:RH) opened at $103.87 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. The stock has a market capitalization of $2,165.75, a price-to-earnings ratio of 65.22, a P/E/G ratio of 1.21 and a beta of 1.71. Restoration Hardware has a 1-year low of $24.41 and a 1-year high of $107.48.

Restoration Hardware (NYSE:RH) last issued its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.04. The company had revenue of $592.50 million during the quarter, compared to analyst estimates of $592.46 million. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. analysts anticipate that Restoration Hardware will post 2.9 earnings per share for the current fiscal year.

RH has been the topic of a number of research analyst reports. BidaskClub downgraded Restoration Hardware from a hold rating to a sell rating in a report on Wednesday, August 9th. Zacks Investment Research downgraded Restoration Hardware from a strong-buy rating to a hold rating in a report on Wednesday, August 16th. Bank of America reiterated an underperform rating and set a $44.00 price target (down previously from $54.00) on shares of Restoration Hardware in a report on Tuesday, August 22nd. Telsey Advisory Group lifted their price target on Restoration Hardware from $60.00 to $66.00 and gave the company a market perform rating in a report on Thursday, September 7th. Finally, Buckingham Research upgraded Restoration Hardware from a neutral rating to a buy rating and lifted their price target for the company from $46.00 to $88.00 in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $78.91.

In related news, CEO Gary G. Friedman purchased 13,959 shares of Restoration Hardware stock in a transaction on Tuesday, September 26th. The stock was bought at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the transaction, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary G. Friedman purchased 14,000 shares of Restoration Hardware stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $70.94 per share, with a total value of $993,160.00. Following the transaction, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. Insiders own 18.80% of the company’s stock.

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Restoration Hardware 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.

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

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