Restoration Hardware (NYSE:RH) Updates FY 2019 Earnings Guidance
Restoration Hardware (NYSE:RH) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.53-10.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.44. The company issued revenue guidance of $2.68-2.694 billion, compared to the consensus revenue estimate of $2.68 billion.Restoration Hardware also updated its Q3 2019 guidance to $2.08-2.18 EPS.
A number of research firms recently commented on RH. Robert W. Baird increased their target price on Restoration Hardware from $150.00 to $168.00 and gave the company a neutral rating in a research note on Wednesday. Raymond James reissued a hold rating on shares of Restoration Hardware in a research note on Monday, June 17th. Bank of America increased their target price on Restoration Hardware from $165.00 to $175.00 and gave the company a buy rating in a research note on Wednesday. Wedbush raised their price objective on Restoration Hardware from $160.00 to $170.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Citigroup raised their price objective on Restoration Hardware from $148.00 to $163.00 and gave the company a buy rating in a research note on Tuesday, July 30th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $157.86.
Shares of NYSE:RH opened at $169.12 on Friday. The stock’s 50-day moving average price is $140.80 and its 200-day moving average price is $121.31. Restoration Hardware has a 12-month low of $84.11 and a 12-month high of $173.20. The stock has a market capitalization of $2.95 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.77.
In other news, CAO Glenda M. Citragno sold 2,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $155.00, for a total transaction of $310,000.00. Following the completion of the sale, the chief accounting officer now directly owns 2,650 shares in the company, valued at $410,750. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $900,000. 36.40% of the stock is currently owned by company insiders.
About Restoration Hardware
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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