Restoration Hardware Holdings Inc. (NYSE:RH) was down 4% during trading on Wednesday . The stock traded as low as $30.01 and last traded at $30.24, with a volume of 1,028,912 shares traded. The stock had previously closed at $31.49.

Several research analysts have issued reports on the company. Cowen and Company dropped their target price on Restoration Hardware Holdings to $35.00 in a research report on Thursday, June 9th. Nomura reissued a “buy” rating and issued a $60.00 target price (down from $75.00) on shares of Restoration Hardware Holdings in a research report on Thursday, June 9th. Longbow Research assumed coverage on Restoration Hardware Holdings in a research report on Tuesday, May 10th. They issued a “buy” rating and a $55.00 target price on the stock. 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 report on Tuesday, April 26th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $35.00 target price (down from $50.00) on shares of Restoration Hardware Holdings in a research report on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.89.

The stock has a 50 day moving average price of $29.66 and a 200-day moving average price of $36.99. The stock has a market cap of $1.22 billion and a price-to-earnings ratio of 17.84.

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

In related news, Director Keith Belling bought 4,000 shares of the company’s 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary G. Friedman purchased 32,918 shares of the stock in a transaction on Friday, July 15th. The shares were acquired at an average price of $27.59 per share, for a total transaction of $908,207.62. Following the transaction, 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.

A number of institutional investors have modified their holdings of RH. 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 worth $86,689,000 after buying an additional 94,712 shares in the last quarter. 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 worth $8,884,000 after buying an additional 1,970 shares in the last quarter. 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 worth $51,204,000 after buying an additional 38,568 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Restoration Hardware Holdings during the fourth quarter worth about $3,359,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of 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 worth $5,554,000 after buying an additional 15,000 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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