Restoration Hardware Holdings, Inc (NYSE:RH) – Analysts at KeyCorp raised their Q2 2020 earnings per share (EPS) estimates for Restoration Hardware in a research note issued to investors on Wednesday, June 12th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings per share of $2.40 for the quarter, up from their prior estimate of $2.21. KeyCorp also issued estimates for Restoration Hardware’s Q3 2020 earnings at $1.82 EPS and Q4 2020 earnings at $3.12 EPS.
Restoration Hardware (NYSE:RH) last issued its earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.31. The business had revenue of $598.42 million for the quarter, compared to the consensus estimate of $583.69 million. Restoration Hardware had a net margin of 6.22% and a return on equity of 436.75%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share.
Other analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of Restoration Hardware from $200.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Stifel Nicolaus lowered their target price on shares of Restoration Hardware from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, March 29th. Loop Capital lowered their target price on shares of Restoration Hardware to $140.00 and set a “buy” rating on the stock in a report on Friday, March 29th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “buy” rating and issued a $175.00 target price on shares of Restoration Hardware in a report on Thursday, March 21st. Finally, Zacks Investment Research raised shares of Restoration Hardware from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a report on Monday, February 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $137.16.
Shares of NYSE:RH opened at $109.91 on Friday. The stock has a market capitalization of $1.74 billion, a PE ratio of 12.87, a PEG ratio of 0.91 and a beta of 1.64. The company has a current ratio of 0.74, a quick ratio of 0.16 and a debt-to-equity ratio of 26.22. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $162.10.
An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC lifted its stake in Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,996 shares of the company’s stock after purchasing an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 as of its most recent SEC filing.
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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