Restoration Hardware (RH) Q4 Results Puts Impressive Growth Outlook Back into Focus, Jefferies Says
Jefferies analyst John Marrin reiterated a Buy rating and $88 price target on Restoration Hardware (NYSE: RH) saying the impressive growth outlook comes back in focus.
Marin said, "With 4Q results in the books and FY15 guidance out in the open, investors will likely get back to focusing on the impressive sales and earnings growth that is ahead, driven by: 1) the expansion of the assortment and 2) the real estate "transformation." We continue to believe RH shares are undervalued and would not be surprised to see the stock move back into the mid-$70s in relatively short order as the market gives it the growth multiple it deserves."
For an analyst ratings summary and ratings history on Restoration Hardware click here. For more ratings news on Restoration Hardware click here.
Shares of Restoration Hardware closed at $63.81 yesterday.
Marin said, "With 4Q results in the books and FY15 guidance out in the open, investors will likely get back to focusing on the impressive sales and earnings growth that is ahead, driven by: 1) the expansion of the assortment and 2) the real estate "transformation." We continue to believe RH shares are undervalued and would not be surprised to see the stock move back into the mid-$70s in relatively short order as the market gives it the growth multiple it deserves."
For an analyst ratings summary and ratings history on Restoration Hardware click here. For more ratings news on Restoration Hardware click here.
Shares of Restoration Hardware closed at $63.81 yesterday.