Restoration Hardware (NYSE:RH) Rating Cut

In analysts report revealed to clients on Friday, 21 July, Deutsche Bank stated it was downgrading Restoration Hardware (NYSE:RH) stock from a Buy to a Hold. The firm has $80.0 TP on RH’s stock.

This stock rating downgrade is noticed by equity trades, as NYSE:RH is now trading -3.96% lower at $73.68 as of 8:09 AM New York time. Restoration Hardware’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has risen 6.00% in the same time.

According to data compiled by Thomson Reuters, Restoration Hardware (NYSE:RH)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 4 a Buy rating, while 15 consider it a Hold. The 12-month consensus target price for the stock is $40.07, which reflects an downside potential of 45.62% over the current price.

Institutional Ownership

Sls Management Llc had the largest stake with ownership of 88,050 shares as of q2 2015 for 5.24% of the fund portfolio. Miura Global Management Llc is another notably bullish investment professional who is having 1.00 million shares of Restoration Hardware or 3.79% of their fund portfolio. Also, Ems Capital Lp have 3.1% of their fund portfolio invested in the company for 890,000 shares. The New Jersey-based fund Hhr Asset Management Llc revealed it had acquired so far a stake worth about 2.54% of the investment professional’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 fund 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) traded down -3.96% on 21 July, hitting $73.68. A total of 1.48M shares of the company’s stock traded hands. This is down from average of 2.76M shares. Restoration Hardware has a 52 week low of $24.41 and a 52 week high of $79.91. The company has a market cap of $2.42B and a P/E ratio of 200.26.

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The post Deutsche Bank Reduces Restoration Hardware (NYSE:RH) to Hold Keeping $80.0 Target Price from Buy Stock Rating appeared first on Octafinance.