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.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.50. Restoration Hardware had a negative return on equity of 301.40% and a net margin of 6.05%. The firm had revenue of $706.51 million for the quarter, compared to analysts’ expectations of $698.00 million. As a group, research analysts expect that Restoration Hardware will post 10.65 EPS for the current fiscal year.

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, d├ęcor, 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.

Featured Story: The basics of gap trading strategies

Earnings History and Estimates for Restoration Hardware (NYSE:RH)

Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.