Cowen & Co. Reaffirms Their Hold Rating on Restoration Hardware Holdings Inc

By Jason Carr

Cowen & Co. analyst Oliver Chen reiterated a Hold rating on Restoration Hardware Holdings Inc (NYSE: RH) yesterday and set a price target of $95. The company’s shares closed yesterday at $86.63.

According to TipRanks.com, Chen is a 3-star analyst with an average return of 2.9% and a 51.1% success rate. Chen covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Signet Jewelers Limited, and Air Transport Services.

Currently, the analyst consensus on Restoration Hardware Holdings Inc is Hold and the average price target is $97.67, representing a 12.7% upside.

In a report issued on March 28, Oppenheimer also maintained a Hold rating on the stock.

Based on Restoration Hardware Holdings Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $670 million and quarterly net profit of $261K. In comparison, last year the company earned revenue of $587 million and had a net profit of $9.44 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

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RH is a holding company which operates the business through its subsidiary Restoration Hardware, Inc. It offers furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The company operates an integrated business with multiple channels of distribution including galleries, source books and websites.