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Restoration Hardware Holdings, Inc. Message Board

  • nusaiba nusaiba Sep 11, 2013 1:22 PM Flag

    RH just got Upgraded by three analysts today.Here is the link

    Restoration Hardware falls despite better than expected results, guidance
    Shares of home goods retailer Restoration Hardware (RH) are falling despite a quarterly report that included headline earnings and revenues that beat the consensus forecast of analysts. WHAT'S NEW: Last night, Restoration Hardware reported second quarter adjusted earnings per share of 49c and revenue of $382.1M. Analysts' consensus estimate was for 43c of EPS on $377.6M in revenue. The company also guided its Q3 and FY13 profit and revenue above consensus estimates. ANALYST REACTION: This morning, Restoration Hardware’s price target was raised at three firms: Jefferies, RW Baird, and Piper Jaffray. All cited the company’s better than expected Q2 results and forward guidance. In its own note to investors, William Blair said Restoration Hardware's Q2 margin of 36.4% fell below the 37.7% consensus. The firm noted that Restoration management expects the gross margin trajectory to improve substantially in the second half and keeps an Outperform rating on the stock. PRICE ACTION: In late morning trading, Restoration Hardware fell $4.82, or 6.34%, to $71.24 on nearly five times the average daily trading volume. The stock has rallied over 100% since the start of the year, so some of the selling may be related to investors locking in profits.

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28.05+2.23(+8.64%)Jun 29 4:02 PMEDT