Restoration Hardware (RH) Updates 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) traded up $0.42 during mid-day trading on Tuesday, reaching $102.39. 1,143,200 shares of the company traded hands, compared to its average volume of 1,981,879. The company has a quick ratio of 0.27, a current ratio of 1.50 and a debt-to-equity ratio of -26.72. Restoration Hardware has a 1 year low of $24.41 and a 1 year high of $107.48. The company has a market cap of $2,230.00, a PE ratio of 64.95, a PEG ratio of 1.20 and a beta of 1.70.
Restoration Hardware (NYSE:RH) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. During the same quarter last year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. equities research analysts anticipate that Restoration Hardware will post 2.9 earnings per share for the current year.
A number of analysts have commented on RH shares. Zacks Investment Research lowered shares of Restoration Hardware from a buy rating to a hold rating in a report on Wednesday, November 15th. BidaskClub lowered shares of Restoration Hardware from a sell rating to a strong sell rating in a report on Friday, August 25th. Deutsche Bank lifted their target price on shares of Restoration Hardware from $100.00 to $100.00 and gave the stock a buy rating in a report on Tuesday, November 14th. Loop Capital lifted their target price on shares of Restoration Hardware from $55.00 to $65.00 and gave the stock a hold rating in a report on Wednesday, October 11th. Finally, Guggenheim reaffirmed a buy rating and set a $95.00 target price (up previously from $75.00) on shares of Restoration Hardware in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Restoration Hardware presently has an average rating of Hold and an average price target of $72.91.
In other Restoration Hardware news, CEO Gary G. Friedman bought 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the transaction, the chief executive officer now directly owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary G. Friedman bought 13,959 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $71.64 per share, for a total transaction of $1,000,022.76. Following the transaction, the chief executive officer now owns 2,235,410 shares in the company, valued at $160,144,772.40. The disclosure for this purchase can be found here. 18.80% of the stock is currently owned by corporate insiders.
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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.
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