Restoration Hardware Holdings Inc. (NYSE:RH) dropped 2.5% during 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 changing hands. The stock had previously closed at $29.76.

RH has been the subject of several recent research reports. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 price target (down previously from $35.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, June 28th. Cowen and Company reaffirmed a “market perform” rating and set a $47.00 target price on shares of Restoration Hardware Holdings in a research report on Wednesday, March 23rd. BB&T Corp. cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. Longbow Research initiated coverage on Restoration Hardware Holdings in a research report on Tuesday, May 10th. They set a “buy” rating and a $55.00 target price for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Restoration Hardware Holdings in a research report on Monday, June 13th. 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 stock. Restoration Hardware Holdings has an average rating of “Hold” and an average price target of $48.36.

The company has a market capitalization of $1.20 billion and a PE ratio of 17.55. The stock has a 50-day moving average of $29.79 and a 200-day moving average of $44.65.

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

In other Restoration Hardware Holdings news, Director Keith Belling bought 4,000 shares of Restoration Hardware Holdings stock in a transaction dated Tuesday, June 28th. The stock was bought at an average cost of $25.37 per share, for a total transaction of $101,480.00. Following the purchase, the director now owns 18,608 shares of the company’s stock, valued at approximately $472,084.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Restoration Hardware Holdings by 19.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 227,307 shares of the company’s stock valued at $18,060,000 after buying an additional 36,475 shares in the last quarter. Rail Splitter Capital Management LLC increased its stake in Restoration Hardware Holdings by 1.8% in the fourth quarter. Rail Splitter Capital Management LLC now owns 111,813 shares of the company’s stock valued at $8,884,000 after buying an additional 1,970 shares during the period. Jennison Associates LLC increased its stake in Restoration Hardware Holdings by 6.4% in the fourth quarter. Jennison Associates LLC now owns 644,476 shares of the company’s stock valued at $51,204,000 after buying an additional 38,568 shares during the period. Marshall Wace LLP purchased a new stake in Restoration Hardware Holdings during the fourth quarter valued at about $3,359,000. Finally, State of New Jersey Common Pension Fund D increased its stake in Restoration Hardware Holdings by 27.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 69,900 shares of the company’s stock valued at $5,554,000 after buying an additional 15,000 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.

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