Restoration Hardware Holdings Inc. (RH) Trading 3.9% Higher
Restoration Hardware Holdings Inc. (NYSE:RH) traded up 3.9% on Thursday . The stock traded as high as $31.19 and last traded at $30.34, with a volume of 1,427,935 shares traded. The stock had previously closed at $29.21.
Several equities research analysts have weighed in on the company. Cowen and Company dropped their price objective on Restoration Hardware Holdings to $35.00 in a report on Thursday, June 9th. Deutsche Bank AG cut Restoration Hardware Holdings from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $50.00 to $35.00 in a 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 report on Monday, July 11th. Barclays PLC reiterated a “hold” rating and issued a $50.00 price objective on shares of Restoration Hardware Holdings in a report on Friday, June 10th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $46.00) on shares of Restoration Hardware Holdings in a report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.84.
The firm has a market capitalization of $1.24 billion and a price-to-earnings ratio of 18.07. The company has a 50 day moving average price of $29.18 and a 200-day moving average price of $38.03.
Restoration Hardware Holdings (NYSE:RH) last released 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 firm earned $455.50 million during the quarter, compared to analysts’ expectations of $452.86 million. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. On average, equities research analysts expect that Restoration Hardware Holdings Inc. will post $1.65 earnings per share for the current year.
In other news, CEO Gary G. Friedman acquired 32,918 shares of the company’s stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 2,207,451 shares in the company, valued at $60,903,573.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Belling acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. The stock was purchased at an average cost of $25.37 per share, for a total transaction of $101,480.00. Following the purchase, the director now owns 18,608 shares of the company’s stock, valued at $472,084.96. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have recently made changes to their positions in the company. RS Investment Management Co. LLC raised its stake in 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 worth $128,460,000 after buying an additional 297,780 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in 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. Jennison Associates LLC raised its stake 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. New York State Common Retirement Fund raised its stake in Restoration Hardware Holdings by 2.8% in the fourth quarter. New York State Common Retirement Fund now owns 113,970 shares of the company’s stock worth $9,055,000 after buying an additional 3,081 shares in the last quarter. Finally, Rail Splitter Capital Management LLC raised its stake in 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.
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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