Shares of Restoration Hardware Holdings Inc. (NYSE:RH) traded down 5.4% during mid-day trading on Tuesday . The stock traded as low as $28.67 and last traded at $29.08, with a volume of 758,324 shares. The stock had previously closed at $30.73.

Several research firms recently weighed in on RH. Cowen and Company cut their price objective on Restoration Hardware Holdings to $35.00 in a research report on Thursday, June 9th. Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $35.00 in a research report on Thursday, June 9th. Vetr cut Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating and set a $29.96 price objective for the company. in a research report on Monday, July 11th. Barclays PLC reissued a “hold” rating and set a $50.00 price objective on shares of Restoration Hardware Holdings in a research report on Friday, June 10th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $32.00 price objective (down previously from $46.00) on shares of Restoration Hardware Holdings in a research report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.80.

The company has a 50 day moving average price of $28.73 and a 200-day moving average price of $38.96. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of 16.66.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.05 by $0.10. During the same period in the prior year, the company posted $0.23 EPS. The business had revenue of $455.50 million for the quarter, compared to analyst estimates of $452.86 million. Restoration Hardware Holdings’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 earnings per share for the current year.

In related news, Director Keith Belling purchased 4,000 shares of the 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 completion of the acquisition, the director now owns 18,608 shares of the company’s stock, valued at $472,084.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary G. Friedman purchased 32,918 shares of the stock in a transaction dated Friday, July 15th. The shares were bought at an average price of $27.59 per share, with a total value of $908,207.62. Following the completion of the acquisition, the chief executive officer now directly owns 2,207,451 shares of the company’s stock, valued at approximately $60,903,573.09. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the company. RS Investment Management Co. LLC increased its position in shares of Restoration Hardware Holdings by 22.6% in the fourth quarter. RS Investment Management Co. LLC now owns 1,616,866 shares of the company’s stock valued at $128,460,000 after buying an additional 297,780 shares during the period. Westfield Capital Management Co. LP increased its position in shares of Restoration Hardware Holdings by 9.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,091,118 shares of the company’s stock valued at $86,689,000 after buying an additional 94,712 shares during the period. Rail Splitter Capital Management LLC increased its position in shares of 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 position 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 valued at $51,204,000 after buying an additional 38,568 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Restoration Hardware Holdings during the fourth quarter valued at about $3,359,000.

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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