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

A number of brokerages have recently issued reports on RH. Vetr cut Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $50.84 price objective on the stock. in a research note on Tuesday, April 26th. Longbow Research cut Restoration Hardware Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 9th. Robert W. Baird reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a research note on Monday, May 16th. Barclays PLC reiterated a “hold” rating and set a $50.00 target price on shares of Restoration Hardware Holdings in a report on Friday, June 10th. Finally, Telsey Advisory Group lowered shares of Restoration Hardware Holdings from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $49.00 to $30.00 in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Restoration Hardware Holdings has an average rating of “Hold” and an average price target of $45.06.

The stock has a market capitalization of $1.35 billion and a P/E ratio of 19.7040. The firm’s 50 day moving average is $29.86 and its 200 day moving average is $36.89.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly 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. During the same quarter last year, the firm earned $0.23 EPS. The company had revenue of $455.50 million for the quarter, compared to the consensus estimate of $452.86 million. The company’s revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Restoration Hardware Holdings Inc. will post $1.65 EPS for the current fiscal year.

In related news, CEO Gary G. Friedman bought 32,918 shares of the company’s stock in a transaction on Friday, July 15th. The shares were acquired at an average cost of $27.59 per share, for a total transaction of $908,207.62. Following the purchase, the chief executive officer now directly owns 2,207,451 shares of the company’s stock, valued at $60,903,573.09. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Belling bought 4,000 shares of the company’s stock in a transaction on Tuesday, June 28th. The stock was bought at an average price of $25.37 per share, for a total transaction of $101,480.00. Following the completion of the purchase, the director now directly owns 18,608 shares in the company, valued at $472,084.96. The disclosure for this purchase can be found here.

Other institutional investors recently modified their holdings of the company. Marshall Wace LLP bought a new position in shares of Restoration Hardware Holdings during the fourth quarter worth approximately $3,359,000. 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. 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. Finally, 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.

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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