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

RH has been the topic of several recent research reports. Zacks Investment Research cut shares of Restoration Hardware Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 5th. Longbow Research initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday, May 10th. They issued a “buy” rating and a $55.00 price objective on the stock. Cowen and Company reissued a “market perform” rating and issued a $47.00 price objective on shares of Restoration Hardware Holdings in a research note on Wednesday, March 23rd. Telsey Advisory Group dropped their price objective 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. Finally, Robert W. Baird reissued a “hold” rating on shares of Restoration Hardware Holdings in a research note on Wednesday, April 13th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Restoration Hardware Holdings has an average rating of “Hold” and a consensus price target of $48.16.

The stock’s 50-day moving average price is $29.49 and its 200-day moving average price is $43.45. The stock has a market cap of $1.14 billion and a P/E ratio of 16.61.

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

In other news, Director Keith Belling bought 4,000 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were purchased at an average cost of $25.37 per share, with a total value of $101,480.00. Following the completion of the acquisition, the director now directly owns 18,608 shares in the company, valued at $472,084.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of large investors have made changes to their positions in RH. Eagle Asset Management acquired a new stake in shares of Restoration Hardware Holdings during the third quarter worth approximately $43,740,000. Marshall Wace LLP acquired a new stake in shares of Restoration Hardware Holdings during the fourth quarter worth approximately $3,359,000. Jennison Associates LLC raised its stake in shares of Restoration Hardware Holdings by 6.4% in the fourth quarter. Jennison Associates LLC now owns 644,476 shares of the company’s stock worth $51,204,000 after buying an additional 38,568 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $18,060,000 after buying an additional 36,475 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake 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 during 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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