Today, Restoration Hardware Holdings Inc. (RH) Rating Decreased to Strong Sell at The Zacks Investment Research

Today, Restoration Hardware Holdings Inc. (RH) Rating Decreased to Strong Sell at The Zacks Investment Research
Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday.

According to Zacks, “Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, California. “

Several other equities analysts have also recently issued reports on RH. Vetr upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $29.72 target price on the stock in a research note on Thursday, August 4th. Nomura restated a “buy” rating and set a $60.00 target price on shares of Restoration Hardware Holdings in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. upgraded shares of Restoration Hardware Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $37.00 to $40.00 in a research note on Thursday, August 18th. Finally, Telsey Advisory Group upped their target price on shares of Restoration Hardware Holdings from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the stock. Restoration Hardware Holdings presently has a consensus rating of “Hold” and a consensus price target of $44.03.

Restoration Hardware Holdings (NYSE:RH) opened at 36.57 on Wednesday. Restoration Hardware Holdings has a 52-week low of $24.75 and a 52-week high of $94.88. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 31.80 and a beta of 1.51. The stock has a 50 day moving average of $31.38 and a 200-day moving average of $31.47.

Restoration Hardware Holdings (NYSE:RH) last posted its earnings results on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.15. The business had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. On average, equities research analysts anticipate that Restoration Hardware Holdings will post $1.65 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of RH. Advantus Capital Management Inc purchased a new position in Restoration Hardware Holdings during the second quarter worth approximately $131,000. Advisory Services Network LLC increased its position in Restoration Hardware Holdings by 7.6% in the third quarter. Advisory Services Network LLC now owns 4,250 shares of the company’s stock worth $147,000 after buying an additional 300 shares in the last quarter. Advisor Group Inc. purchased a new position in Restoration Hardware Holdings during the second quarter worth approximately $148,000. Teacher Retirement System of Texas increased its position in Restoration Hardware Holdings by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 5,218 shares of the company’s stock worth $150,000 after buying an additional 528 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Restoration Hardware Holdings by 45.8% in the second quarter. IFP Advisors Inc now owns 5,817 shares of the company’s stock worth $167,000 after buying an additional 1,826 shares in the last quarter.

Restoration Hardware Holdings Company Profile

Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.

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