Restoration Hardware (NYSE:RH) Price Target Increased to $175.00 by Analysts at Telsey Advisory Group
Restoration Hardware (NYSE:RH) had its price objective lifted by stock analysts at Telsey Advisory Group from $140.00 to $175.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 3.18% from the stock’s current price.
A number of other research firms have also recently issued reports on RH. Bank of America raised shares of Restoration Hardware from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $165.00 in a research report on Thursday, August 1st. Cowen reissued a “hold” rating and set a $120.00 price objective on shares of Restoration Hardware in a research report on Tuesday, June 18th. Zacks Investment Research raised shares of Restoration Hardware from a “sell” rating to a “hold” rating and set a $115.00 price objective on the stock in a research report on Friday, June 14th. Loop Capital increased their price objective on shares of Restoration Hardware to $160.00 and gave the stock an “average” rating in a research report on Thursday, September 5th. Finally, Citigroup increased their price objective on shares of Restoration Hardware from $148.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $157.86.
RH traded up $0.48 during trading on Wednesday, reaching $169.60. 58,226 shares of the stock traded hands, compared to its average volume of 739,275. The stock has a market capitalization of $2.95 billion, a PE ratio of 19.88, a P/E/G ratio of 1.35 and a beta of 1.77. The stock’s 50-day moving average is $140.80 and its 200 day moving average is $121.31. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $173.20.
In related news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $145.00, for a total value of $290,000.00. Following the transaction, the director now owns 1,917 shares of the company’s stock, valued at approximately $277,965. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 6,000 shares of company stock worth $900,000. 36.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Tiverton Asset Management LLC purchased a new stake in Restoration Hardware in the 2nd quarter valued at about $56,000. Griffin Asset Management Inc. purchased a new stake in Restoration Hardware in the 2nd quarter valued at about $62,000. Finally, Mason Street Advisors LLC increased its stake in Restoration Hardware by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock valued at $617,000 after buying an additional 198 shares during the last quarter.
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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