Restoration Hardware Holdings Inc. (RH) Trading 5.3% Higher
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) traded up 5.3% during mid-day trading on Friday . The company traded as high as $29.66 and last traded at $29.61, with a volume of 1,487,825 shares traded. The stock had previously closed at $28.13.
A number of analysts have issued reports on the company. Vetr lowered Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $50.84 price target on the stock. in a research note on Tuesday, April 26th. Oppenheimer Holdings Inc. assumed coverage on Restoration Hardware Holdings in a research note on Wednesday, April 13th. They issued a “market perform” rating on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Restoration Hardware Holdings in a research note on Thursday, April 14th. Longbow Research lowered Restoration Hardware Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 9th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a research note on Monday, May 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.80.
The stock has a 50 day moving average of $28.83 and a 200-day moving average of $38.90. The firm has a market cap of $1.20 billion and a P/E ratio of 17.49.
Restoration Hardware Holdings (NYSE:RH) last issued its earnings results on Wednesday, June 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.10. The business earned $455.50 million during the quarter, compared to analysts’ expectations of $452.86 million. Restoration Hardware Holdings’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts anticipate that Restoration Hardware Holdings Inc. will post $1.65 earnings per share for the current fiscal year.
In other news, Director Keith Belling bought 4,000 shares of the stock in a transaction on Tuesday, June 28th. The shares were purchased 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 of the company’s stock, valued at approximately $472,084.96. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary G. Friedman bought 32,918 shares of the stock in a transaction on Friday, July 15th. The stock was purchased at an average price 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 disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its position in shares of Restoration Hardware Holdings by 2.1% in the fourth quarter. Nationwide Fund Advisors now owns 21,948 shares of the company’s stock worth $1,744,000 after buying an additional 443 shares during the period. First Trust Advisors LP increased its stake in Restoration Hardware Holdings by 1.0% in the fourth quarter. First Trust Advisors LP now owns 29,342 shares of the company’s stock valued at $2,331,000 after buying an additional 292 shares during the period. Rhumbline Advisers increased its stake in Restoration Hardware Holdings by 8.5% in the fourth quarter. Rhumbline Advisers now owns 32,014 shares of the company’s stock valued at $2,544,000 after buying an additional 2,521 shares during the period. Marshall Wace LLP bought a new stake in 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 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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