Restoration Hardware (NYSE:RH) Upgrade

In a research note revealed to investors today, Deutsche Bank increased shares of Restoration Hardware (NYSE:RH) to Buy rating from Hold rating. The firm currently has a $66.0 target on the stock. Deutsche Bank’s target means a potential upside of 16.50 % from the stock’s close price.

Despite the company’s rating upgrade NYSE:RH is currently trading 0.00% lower at $56.65 as of 8:05 AM New York time. Restoration Hardware’s stock is 0% in the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has increased 6.00% in the same time period.

Out of 14 analysts covering Restoration Hardware, 4 rate it a Buy, 15 indicate a Hold while 1 suggest a Sell. The highest target is $70 and the lowest is $21 according to Thomson/First Call. The 12-month mean target is $40.07, which means downside potential of 29.27% over the current price.

Institutional Ownership

Sls Management Llc had the most significant stake with ownership of 88,050 shares as of Q2 2015 for 5.24% of the portfolio. Miura Global Management Llc is another quite bullish investment manager who is owning 1.00 million shares of Restoration Hardware or 3.79% of their portfolio. In addition, Ems Capital Lp have 3.1% of their portfolio invested in the company for 890,000 shares. The New Jersey-based fund Hhr Asset Management Llc revealed it had bought so far a stake worth about 2.54% of the investment manager’s stock portfolio in Restoration Hardware. The California-based fund Empyrean Capital Partners Lp is also positive about the stock, possessing 1.56 million shares or 2.43% of their portfolio.

Restoration Hardware (NYSE:RH) Profile

RH, formerly Restoration Hardware Holdings, Inc., is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

Restoration Hardware (NYSE:RH) closed at $56.65 yesterday. A total of 9,045 shares of the company’s stock traded hands. This is down from average of 2.77M shares. Restoration Hardware has a 52 week low of $24.41 and a 52 week high of $60.11. The company has a market cap of $1.97B and a P/E ratio of 153.97.

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