Restoration Hardware (NYSE:RH) Stock Price Passes Above Fifty Day Moving Average of $98.44

Restoration Hardware Holdings, Inc (NYSE:RH)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $98.44 and traded as high as $113.33. Restoration Hardware shares last traded at $113.12, with a volume of 10,840 shares.

Several brokerages have weighed in on RH. Zacks Investment Research cut shares of Restoration Hardware from a “hold” rating to a “sell” rating and set a $92.00 price objective for the company. in a research note on Thursday, May 30th. Raymond James reissued a “hold” rating on shares of Restoration Hardware in a report on Monday, June 17th. Stifel Nicolaus decreased their target price on shares of Restoration Hardware from $180.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, March 29th. Bank of America reissued an “underperform” rating and issued a $85.00 target price on shares of Restoration Hardware in a report on Friday, March 29th. Finally, Gordon Haskett lowered shares of Restoration Hardware from a “hold” rating to a “reduce” rating and set a $88.00 target price on the stock. in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Restoration Hardware currently has an average rating of “Hold” and a consensus target price of $138.59.

The company has a quick ratio of 0.29, a current ratio of 0.81 and a debt-to-equity ratio of 26.22. The stock has a market capitalization of $2.12 billion, a PE ratio of 13.54, a P/E/G ratio of 1.28 and a beta of 1.64. The stock’s fifty day moving average price is $98.93.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.31. The company had revenue of $598.42 million for the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, analysts predict that Restoration Hardware Holdings, Inc will post 9.04 EPS for the current year.

An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC lifted its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,996 shares of the company’s stock after purchasing an additional 198 shares during the quarter. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Restoration Hardware Company Profile (NYSE:RH)

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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