Restoration Hardware Holdings (RH) : The highest level Restoration Hardware Holdings (RH) is projected to reach is $55 for the short term and the lowest estimate is at $21. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $35.2 and the possibility the share price can swing is $10.4.
Restoration Hardware Holdings (RH) has an average broker rating of 2.73, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Goldman Sachs upgrades its rating on Restoration Hardware Holdings (NYSE:RH). The global brokerage major raises the current price target from $37 per share to $40 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 18, 2016.
Restoration Hardware Holdings (NYSE:RH): The stock opened at $33.73 on Thursday but the bulls could not build on the opening and the stock topped out at $33.99 for the day. The stock traded down to $32.94 during the day, due to lack of any buying support eventually closed down at $33.42 with a loss of -0.92% for the day. The stock had closed at $33.73 on the previous day. The total traded volume was 1,464,576 shares.
Restoration Hardware Holdings, Inc. (RH) is a holding company. 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 childrens furnishings. These products are sold through the Companys stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Companys retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others. Its Websites, www.restorationhardware.com and www.rh.com, provide its customers to purchase its merchandise online.