Restoration Hardware Holdings Inc. (NYSE:RH)’s share price fell 5.3% during trading on Wednesday . The company traded as low as $28.92 and last traded at $29.07, with a volume of 1,760,414 shares traded. The stock had previously closed at $30.71.

A number of brokerages have commented on RH. Raymond James Financial Inc. decreased their price target on Restoration Hardware Holdings from $65.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, March 30th. Vetr cut Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $50.84 target price on the stock. in a research note on Tuesday, April 26th. Barclays PLC initiated coverage on Restoration Hardware Holdings in a research note on Wednesday, March 30th. They set an “equal weight” rating and a $50.00 target price on the stock. Oppenheimer Holdings Inc. initiated coverage on Restoration Hardware Holdings in a research note on Wednesday, April 13th. They set a “market perform” rating on the stock. Finally, Nomura Holdings Inc. reduced their target price on Restoration Hardware Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average price target of $48.16.

The firm has a market cap of $1.17 billion and a PE ratio of 17.04. The stock’s 50-day moving average price is $29.72 and its 200 day moving average price is $43.66.

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

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

Other hedge funds and institutional investors recently made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of Restoration Hardware Holdings by 681.0% in the fourth quarter. Teacher Retirement System of Texas now owns 36,256 shares of the company’s stock worth $2,881,000 after buying an additional 31,614 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Restoration Hardware Holdings by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 61,900 shares of the company’s stock worth $4,918,000 after buying an additional 1,019 shares in the last quarter. Eagle Asset Management bought a new position in shares of Restoration Hardware Holdings during the third quarter worth about $43,740,000. Family Management Corp increased its position in shares of Restoration Hardware Holdings by 7.5% in the fourth quarter. Family Management Corp now owns 18,975 shares of the company’s stock worth $1,508,000 after buying an additional 1,325 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Restoration Hardware Holdings by 12.3% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 159,530 shares of the company’s stock worth $12,675,000 after buying an additional 17,530 shares in the last quarter.

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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