BB&T Capital Reiterates Buy on Restoration Hardware (RH) Following 2Q15

BB&T Capital reiterated a Buy rating and $120.00 price target on Restoration Hardware (NYSE: RH) following the company's 2Q15 earnings release. Net revenues increased 16.9% to $507M. Diluted EPS rose 26.9% to $0.85, beating consensus by $0.01.

Analyst Anthony Chukumba commented, "Restoration Hardware's (RH) better-than-expected Q2'15 results provide further evidence the company's attractive long-term story remains on track in our opinion. While management's Q3'15 guidance was worse than we expected, we believe this is simply a function of the timing of the next generation design gallery openings— particularly given the fact RH actually increased its full-year forecast. We reiterate our Buy rating and $120 price target."

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 $91.06 yesterday.

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