Shares of Restoration Hardware Holdings Inc. (NYSE:RH) dropped 3.3% on Wednesday . The stock traded as low as $34.14 and last traded at $34.39, with a volume of 1,229,127 shares changing hands. The stock had previously closed at $35.55.

RH has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $28.00 target price (down previously from $35.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. raised Restoration Hardware Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $40.00 in a research note on Thursday, August 18th. Vetr raised Restoration Hardware Holdings from a “sell” rating to a “hold” rating and set a $31.09 target price on the stock in a research note on Tuesday, August 16th. Nomura reaffirmed a “buy” rating and set a $60.00 target price on shares of Restoration Hardware Holdings in a research note on Wednesday, August 10th. Finally, Longbow Research initiated coverage on Restoration Hardware Holdings in a research report on Tuesday, May 10th. They set a “buy” rating and a $55.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.24.

The stock’s 50 day moving average price is $30.28 and its 200-day moving average price is $36.16. The stock has a market capitalization of $1.38 billion and a PE ratio of 20.19.

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 the Zacks’ consensus estimate of $0.05 by $0.10. During the same period in the previous year, the business posted $0.23 EPS. The business earned $455.50 million during the quarter, compared to analysts’ expectations of $452.86 million. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Restoration Hardware Holdings Inc. will post $1.66 EPS for the current year.

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

Other institutional investors have bought and sold shares of the company. Jennison Associates LLC increased its position in 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 purchased a new stake in shares of Restoration Hardware Holdings during the fourth quarter valued at about $3,359,000. Finally, State of New Jersey Common Pension Fund D increased its stake 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 valued at $5,554,000 after buying an additional 15,000 shares during the period.

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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