Restoration Hardware Holdings, Inc common stock (RH) Releases Earnings Results, Beats Expectations By $0.30 EPS

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Restoration Hardware Holdings, Inc common stock (NYSE:RH) issued its quarterly earnings results on Tuesday. The company reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.30, Fidelity Earnings reports. The company had revenue of $642.00 million during the quarter, compared to the consensus estimate of $660.89 million. Restoration Hardware Holdings, Inc common stock had a negative return on equity of 683.40% and a net margin of 1.38%. Restoration Hardware Holdings, Inc common stock’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. Restoration Hardware Holdings, Inc common stock updated its Q3 guidance to $1.15-1.33 EPS and its FY19 guidance to $7.35-7.75 EPS.

NYSE:RH opened at $151.28 on Wednesday. Restoration Hardware Holdings, Inc common stock has a 1 year low of $47.50 and a 1 year high of $164.49. The company has a debt-to-equity ratio of 129.12, a current ratio of 1.31 and a quick ratio of 0.24. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.00 and a beta of 2.00.

A number of analysts recently commented on RH shares. Gordon Haskett raised Restoration Hardware Holdings, Inc common stock from a “hold” rating to an “accumulate” rating and decreased their price target for the company from $135.00 to $58.00 in a research report on Tuesday, August 28th. Raymond James downgraded Restoration Hardware Holdings, Inc common stock from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 12th. They noted that the move was a valuation call. Buckingham Research raised their target price on Restoration Hardware Holdings, Inc common stock from $135.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 12th. Citigroup raised their target price on Restoration Hardware Holdings, Inc common stock from $170.00 to $176.00 and gave the stock a “buy” rating in a research report on Monday, July 9th. Finally, ValuEngine raised Restoration Hardware Holdings, Inc common stock from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $122.56.

In other news, insider Demonty Price sold 7,777 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $152.01, for a total value of $1,182,181.77. Following the completion of the transaction, the insider now directly owns 39,507 shares of the company’s stock, valued at $6,005,459.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Belling sold 4,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 16,586 shares of the company’s stock, valued at $2,594,216.26. The disclosure for this sale can be found here. Insiders sold 41,653 shares of company stock valued at $6,354,650 over the last ninety days. Corporate insiders own 29.70% of the company’s stock.

About Restoration Hardware Holdings, Inc common stock

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 for Restoration Hardware Holdings, Inc common stock (NYSE:RH)

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