Restoration Hardware Holdings Downgraded by Zacks to Neutral (RH)

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Restoration Hardware Holdings (NYSE:RH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $96.50 price target on the stock. Zacks‘s price target would indicate a potential upside of 14.43% from the stock’s previous close.

In other Restoration Hardware Holdings news, Director Carlos Alberini sold 40,000 shares of the stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $82.34, for a total value of $3,293,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on RH. Analysts at Avondale Partners initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday, August 6th. They set an “outperform” rating and a $96.00 price target on the stock. Separately, analysts at BB&T Corp. downgraded shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. They noted that the move was a valuation call. Finally, analysts at Nomura initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday, July 16th. They set a “buy” rating and a $100.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Restoration Hardware Holdings currently has an average rating of “Buy” and an average target price of $92.81.

Restoration Hardware Holdings (NYSE:RH) traded down 1.97% during mid-day trading on Tuesday, hitting $82.67. 365,249 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 52 week low of $54.61 and a 52 week high of $94.50. The stock has a 50-day moving average of $86.01 and a 200-day moving average of $70.62. The company has a market cap of $3.255 billion and a P/E ratio of 173.52.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.07. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter last year, the company posted $0.06 earnings per share. Restoration Hardware Holdings’s revenue was up 21.6% compared to the same quarter last year. On average, analysts predict that Restoration Hardware Holdings will post $2.31 earnings per share for the current fiscal year.

Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.

To view Zacks’ full report, visit Zacks’ official website.

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