Restoration Hardware Holdings (NYSE:RH) was upgraded by Goldman Sachs Group (NYSE:GS). from a "neutral" rating to a "buy" rating in a report issued on Thursday, MarketBeat.com reports. The firm currently has a $40.00 price objective on the stock, up from their previous price objective of $37.00. Goldman Sachs Group Inc.'s target price suggests a potential upside of 30.00% from the company's previous close.
Several other equities research analysts also recently commented on RH. Vetr downgraded shares of Restoration Hardware Holdings from a "strong-buy" rating to a "buy" rating and set a $50.84 target price for the company. in a research report on Tuesday, April 26th. Longbow Research downgraded shares of Restoration Hardware Holdings from a "buy" rating to a "neutral" rating in a research report on Thursday, June 9th. Nomura reissued a "buy" rating on shares of Restoration Hardware Holdings in a research report on Thursday, MarketBeat.com reports. Robert W. Baird reissued a "hold" rating on shares of Restoration Hardware Holdings in a research report on Monday, May 16th. Finally, Barclays (LON:BARC) reissued a "hold" rating and set a $50.00 target price on shares of Restoration Hardware Holdings in a research report on Friday, June 10. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Restoration Hardware Holdings presently has an average rating of "Hold" and an average target price of $45.06.
In other news, Director Keith Belling bought 4,000 shares of the stock in a transaction on Tuesday, June 28th. The shares were acquired at an average cost of $25.37 per share, for a total transaction of $101,480.00. Following the purchase, the director now directly owns 18,608 shares of the company's stock, valued at approximately $472,084.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary G. Friedman bought 32,918 shares of the stock in a transaction on Friday, July 15. The stock was purchased at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the completion of the purchase, the chief executive officer now directly owns 2,207,451 shares in the company, valued at $60,903,573.09.
Shares of Restoration Hardware Holdings traded up 2.19% during midday trading on Thursday, reaching $30.77. 1,416,148 shares of the company's stock traded hands. The stock has a 50-day moving average price of $29.78 and a 200 day moving average price of $36.94. The firm has a market cap of $1.25 billion and a PE ratio of 18.23. Restoration Hardware Holdings has a 12 month low of $24.75 and a 12 month high of $106.49.
Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.10. The firm had revenue of $455.50 million for the quarter, compared to analysts' expectations of $452.86 million. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts predict that Restoration Hardware Holdings will post $1.65 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Douglass Winthrop Advisors LLC purchased a new stake in Restoration Hardware Holdings during the second quarter valued at about $373,000. Adell Harriman & Carpenter Inc. purchased a new stake in Restoration Hardware Holdings during the first quarter valued at about $258,000. Searle & CO. boosted its stake in Restoration Hardware Holdings by 49.4% in the first quarter. Searle & CO. now owns 6,350 shares of the company's stock valued at $278,000 after buying an additional 2,100 shares in the last quarter. Legal & General Group (LON:LGEN) boosted its stake in Restoration Hardware Holdings by 17.8% in the first quarter. Legal & General Group Plc now owns 7,354 shares of the company's stock valued at $308,000 after buying an additional 1,109 shares in the last quarter. Finally, Financial Architects Inc boosted its stake in Restoration Hardware Holdings by 51.4% in the second quarter. Financial Architects Inc now owns 7,655 shares of the company's stock valued at $220,000 after buying an additional 2,600 shares in the last quarter.
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.