BidaskClub lowered shares of Restoration Hardware Holdings Inc. (NYSE:RH) from a hold rating to a sell rating in a report issued on Wednesday.

RH has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of Restoration Hardware Holdings in a research report on Sunday, June 18th. Loop Capital reissued a hold rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. KeyCorp reissued a sector weight rating on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. Citigroup Inc. reissued a buy rating and issued a $52.00 price target (down previously from $62.00) on shares of Restoration Hardware Holdings in a research report on Monday, June 5th. Finally, Wolfe Research lifted their price target on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the company a peer perform rating in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $54.07.

Shares of Restoration Hardware Holdings (NYSE:RH) traded down 0.09% during trading on Wednesday, reaching $56.00. 825,013 shares of the company traded hands. The firm has a 50-day moving average price of $65.42 and a 200-day moving average price of $48.18. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $79.91. The firm has a market capitalization of $1.86 billion, a PE ratio of 146.60 and a beta of 1.47.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The firm had revenue of $562.10 million for the quarter, compared to analyst estimates of $560.30 million. During the same quarter last year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. Equities research analysts anticipate 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 approved a stock buyback plan on Thursday, May 4th that permits the company to repurchase $700.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 37.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Large investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. increased its stake in shares of Restoration Hardware Holdings by 137.8% in the first quarter. UBS Asset Management Americas Inc. now owns 19,279 shares of the company’s stock valued at $892,000 after buying an additional 11,173 shares in the last quarter. Swiss National Bank boosted its position in Restoration Hardware Holdings by 2.9% in the first quarter. Swiss National Bank now owns 60,130 shares of the company’s stock worth $2,782,000 after buying an additional 1,700 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in Restoration Hardware Holdings during the first quarter worth about $211,000. First Trust Advisors LP boosted its position in Restoration Hardware Holdings by 133.4% in the first quarter. First Trust Advisors LP now owns 78,083 shares of the company’s stock worth $3,612,000 after buying an additional 44,628 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Restoration Hardware Holdings by 150.4% in the first quarter. Great West Life Assurance Co. Can now owns 52,402 shares of the company’s stock worth $2,423,000 after buying an additional 31,475 shares in the last quarter.

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.

Analyst Recommendations for Restoration Hardware Holdings (NYSE:RH)

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