Restoration Hardware Holdings Inc. (NYSE:RH) shares dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $28.70 and last traded at $29.03, with a volume of 1,598,744 shares trading hands. The stock had previously closed at $29.76.

RH has been the topic of several recent research reports. BB&T Corp. lowered shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, March 17th. Buckingham Research lowered shares of Restoration Hardware Holdings from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $33.00 to $30.00 in a research note on Friday, March 18th. Nomura Holdings Inc. reaffirmed a “buy” rating and issued a $85.00 target price on shares of Restoration Hardware Holdings in a research note on Friday, March 18th. Cowen and Company reaffirmed a “market perform” rating and issued a $47.00 target price on shares of Restoration Hardware Holdings in a research note on Wednesday, March 23rd. Finally, Telsey Advisory Group reduced their target price on shares of Restoration Hardware Holdings from $55.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average price target of $48.36.

The firm has a market cap of $1.17 billion and a price-to-earnings ratio of 17.09. The company has a 50 day moving average price of $29.83 and a 200 day moving average price of $45.01.

Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings results on Wednesday, June 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.10. During the same period last year, the firm posted $0.23 EPS. The business had revenue of $455.50 million for the quarter, compared to analysts’ expectations of $452.86 million. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Restoration Hardware Holdings Inc. will post $1.65 EPS for the current year.

In other news, Director Keith Belling purchased 4,000 shares of the stock in a transaction on Tuesday, June 28th. The stock was purchased at an average price of $25.37 per share, for a total transaction of $101,480.00. Following the acquisition, the director now owns 18,608 shares in the company, valued at $472,084.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other hedge funds recently made changes to their positions in the company. Synovus Financial Corp increased its stake in shares of Restoration Hardware Holdings by 1.5% in the fourth quarter. Synovus Financial Corp now owns 15,808 shares of the company’s stock valued at $1,256,000 after buying an additional 230 shares during the period. First Trust Advisors LP increased its stake in shares of Restoration Hardware Holdings by 1.0% in the fourth quarter. First Trust Advisors LP now owns 29,342 shares of the company’s stock valued at $2,331,000 after buying an additional 292 shares during the period. Nationwide Fund Advisors increased its stake in shares of Restoration Hardware Holdings by 2.1% in the fourth quarter. Nationwide Fund Advisors now owns 21,948 shares of the company’s stock valued at $1,744,000 after buying an additional 443 shares during the period. CG Asset Management LLC increased its stake in shares of Restoration Hardware Holdings by 1.1% in the fourth quarter. CG Asset Management LLC now owns 53,275 shares of the company’s stock valued at $4,233,000 after buying an additional 600 shares during the period. Finally, Tocqueville Asset Management L.P. increased its stake in shares of Restoration Hardware Holdings by 6.0% in the fourth quarter. Tocqueville Asset Management L.P. now owns 17,650 shares of the company’s stock valued at $1,402,000 after buying an additional 1,000 shares during the period.

Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.