Restoration Hardware Holdings Inc. (RH) Now Covered by Analysts at Bank of America Corporation

Bank of America Corporation began coverage on shares of Restoration Hardware Holdings Inc. (NYSE:RH) in a report issued on Monday, July 17th, Marketbeat.com reports. The brokerage issued an underperform rating and a $54.00 target price on the stock.

A number of other brokerages have also issued reports on RH. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $44.00 price target (down previously from $50.00) on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. Deutsche Bank AG increased their price target on Restoration Hardware Holdings from $31.00 to $40.00 and gave the stock a hold rating in a research note on Wednesday, March 29th. Guggenheim increased their price target on Restoration Hardware Holdings from $45.00 to $55.00 and gave the stock a buy rating in a research note on Wednesday, March 29th. UBS AG reiterated a neutral rating and issued a $45.00 price target on shares of Restoration Hardware Holdings in a research note on Saturday, June 3rd. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Restoration Hardware Holdings currently has a consensus rating of Hold and a consensus target price of $54.07.

Restoration Hardware Holdings (NYSE RH) traded down 0.09% during trading on Monday, hitting $56.00. The stock had a trading volume of 825,013 shares. Restoration Hardware Holdings has a 52-week low of $24.41 and a 52-week high of $79.91. The company has a 50-day moving average price of $65.42 and a 200-day moving average price of $48.18. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 146.60 and a beta of 1.47.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The business 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 business posted ($0.05) EPS. Restoration Hardware Holdings’s revenue for the quarter was up 23.4% compared to the same quarter last year. Equities research analysts forecast that Restoration Hardware Holdings will post $2.14 EPS for the current year.

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Restoration Hardware Holdings announced that its Board of Directors has initiated a stock buyback program on Thursday, May 4th that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the company to reacquire up to 37.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of 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 valued at $106,000 after buying an additional 255 shares during the last quarter. Riverhead Capital Management LLC increased its stake 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 valued at $122,000 after buying an additional 698 shares during the last quarter. Sei Investments Co. increased its stake in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock valued at $126,000 after buying an additional 730 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Restoration Hardware Holdings by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 323,295 shares of the company’s stock valued at $9,925,000 after buying an additional 1,106 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $166,000 after buying an additional 1,328 shares during the last quarter.

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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