RH

Restoration Hardware Holdings Inc.

Consumer


Presented:04/16/2014
Price:$65.37
Cap:$2.54B
Current Price:$335.32
Cap:$6.20B

Presented

Date04/16/2014
Price$65.37
Market Cap$2.54B
Ent Value$2.65B
P/E Ratio50.61x
Book Value$16.15
Div YieldN/A
Shares O/S38.89M
Ave Daily Vol1,050,000
Short Int10.33%

Current

Price$335.32
Market Cap$6.20B
Restoration Hardware Holdings, Inc., together with its subsidiaries, is engaged in the retail of home furnishings. Its product categories include furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and children’s furnishings. The company sells its products through its stores and catalogs, as well as through its Websites, such as restorationhardware.com, rh.com, and rhbabyandchild.com. As of February 1, 2014, it operated 70 retail stores consisting of 62 Galleries, 5 full line Design Galleries, and 3 Baby & Child Galleries, as well as 17 outlet stores in the United States and Canada. The company was founded in 1979 and is headquartered in Corte Madera, California.

Highlights

Luxury homeware retailer Restoration Hardware should do about $2 billion in sales this year, roughly half coming from the online channel and half from approximately 70 retail locations- each about 10,000 square feet in size. Rather than grow its store count by expanding into new markets, the company is pursuing a strategy whereby it will transition into larger, 45,000 square foot boxes in markets it is already in - a bet the presenter believes could result in material upside to shares.

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Idea Discussion

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