Restoration Hardware Holdings, Inc common stock (RH) Issues Q3 Earnings Guidance

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Restoration Hardware Holdings, Inc common stock (NYSE:RH) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.15-1.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.20. The company issued revenue guidance of $624-636 million, compared to the consensus revenue estimate of $647.33 million.Restoration Hardware Holdings, Inc common stock also updated its FY19 guidance to $7.35-7.75 EPS.

Shares of RH opened at $151.28 on Wednesday. Restoration Hardware Holdings, Inc common stock has a 52-week low of $47.50 and a 52-week high of $164.49. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The company has a current ratio of 1.31, a quick ratio of 0.24 and a debt-to-equity ratio of 129.12.

Restoration Hardware Holdings, Inc common stock (NYSE:RH) last announced its earnings results on Monday, June 11th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.32. Restoration Hardware Holdings, Inc common stock had a negative return on equity of 683.40% and a net margin of 1.38%. The company had revenue of $557.41 million for the quarter, compared to analyst estimates of $563.24 million. During the same period in the prior year, the company posted $0.05 EPS. Restoration Hardware Holdings, Inc common stock’s quarterly revenue was down .8% on a year-over-year basis. sell-side analysts expect that Restoration Hardware Holdings, Inc common stock will post 6.66 earnings per share for the current fiscal year.

RH has been the topic of a number of recent analyst reports. Gordon Haskett raised Restoration Hardware Holdings, Inc common stock from a hold rating to an accumulate rating and cut their target price for the company from $135.00 to $58.00 in a research report on Tuesday, August 28th. Buckingham Research upped their price target on Restoration Hardware Holdings, Inc common stock from $135.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, June 12th. Citigroup upped their price target on Restoration Hardware Holdings, Inc common stock from $140.00 to $170.00 and gave the company a buy rating in a research report on Tuesday, June 12th. Deutsche Bank upped their price target on Restoration Hardware Holdings, Inc common stock from $125.00 to $160.00 and gave the company a buy rating in a research report on Tuesday, June 12th. Finally, Loop Capital upped their price target on Restoration Hardware Holdings, Inc common stock to $160.00 and gave the company a buy rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $122.56.

In other Restoration Hardware Holdings, Inc common stock news, Director Keith Belling sold 4,000 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $156.41, for a total value of $625,640.00. Following the sale, the director now directly owns 16,586 shares of the company’s stock, valued at $2,594,216.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Karen Boone sold 29,876 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $152.19, for a total value of $4,546,828.44. Following the completion of the sale, the insider now directly owns 43,087 shares in the company, valued at $6,557,410.53. The disclosure for this sale can be found here. Insiders sold 41,653 shares of company stock worth $6,354,650 over the last ninety days. 29.70% of the stock is owned by corporate insiders.

Restoration Hardware Holdings, Inc common stock 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, bath ware, 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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Earnings History and Estimates for Restoration Hardware Holdings, Inc common stock (NYSE:RH)

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