Entering into Wednesday afternoon’s first-quarter earnings announcement, Restoration Hardware Holdings Inc (RH) stock was already struggling. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.10. Year to Date, the current share price of the stock is below -54.61%. The stock has climbed 5.90% in the past week and plunged -3.56% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -61.29% while its year to date performance is at -54.60%. Deutsche Bank restated a “buy” rating on shares of Restoration Hardware Holdings in a research note on Wednesday, April 6th.
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Restoration Hardware was also downgraded to hold from buy at UBS, and to market perform from strong buy at Raymond James. Finally, Longbow Research began coverage on Restoration Hardware Holdings in a report on Tuesday, May 10th.
Separately, Restoration Hardware has a “hold” rating and a letter grade of C at TheStreet Ratings because of the company’s revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels, which offsets generally disappointing stock performance, unimpressive growth in net income and disappointing return on equity. Nomura reiterated a “buy” rating and set a $85.00 price target on shares of Restoration Hardware Holdings in a report on Friday, March 18th. The firm lowered its price target to $35 from $50.
About 15.08M shares traded hands or 912.08% up from the average.
Restoration Hardware Holdings Inc (NYSE:RH)’s distance from 20 day simple moving average is 7.67% along with distance from 50 day simple moving average of -7.46% whereas its distance from 200 day simple moving average is -46.80%.
BB&T Capital Markets analysts said they weren’t “completely surprised” by the poor quarterly results, but believe the credibility of those running Restoration Hardware should be called into question.
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One more important factor to consider when evaluating a stock’s current and future value are the 52 week high and low levels. The company has a market capitalization of $1.19 billion and a P/E ratio of 13.62. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and children’s furnishings. The business’s revenue was up 7.8% compared to the same quarter a year ago.
