Teachers Advisors LLC purchased a new stake in Restoration Hardware Holdings Inc. (NYSE:RH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 68,424 shares of the company’s stock, valued at approximately $3,165,000.

Several other large investors have also recently added to or reduced their stakes in RH. UBS Asset Management Americas Inc. boosted its stake in Restoration Hardware Holdings by 137.8% in the first quarter. UBS Asset Management Americas Inc. now owns 19,279 shares of the company’s stock valued at $892,000 after buying an additional 11,173 shares in the last quarter. Swiss National Bank boosted its stake in Restoration Hardware Holdings by 2.9% in the first quarter. Swiss National Bank now owns 60,130 shares of the company’s stock valued at $2,782,000 after buying an additional 1,700 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in Restoration Hardware Holdings during the first quarter valued at about $211,000. First Trust Advisors LP boosted its stake in Restoration Hardware Holdings by 133.4% in the first quarter. First Trust Advisors LP now owns 78,083 shares of the company’s stock valued at $3,612,000 after buying an additional 44,628 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Restoration Hardware Holdings by 150.4% in the first quarter. Great West Life Assurance Co. Can now owns 52,402 shares of the company’s stock valued at $2,423,000 after buying an additional 31,475 shares in the last quarter.

Restoration Hardware Holdings Inc. (RH) traded down 0.09% on Friday, reaching $56.00. 825,013 shares of the company traded hands. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 146.60 and a beta of 1.47. Restoration Hardware Holdings Inc. has a 52-week low of $24.41 and a 52-week high of $79.91. The firm has a 50 day moving average price of $65.42 and a 200 day moving average price of $48.18.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, June 1st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $562.10 million during the quarter, compared to analysts’ expectations of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Equities research analysts predict that Restoration Hardware Holdings Inc. will post $2.14 EPS for the current year.

Restoration Hardware Holdings announced that its Board of Directors has initiated a share repurchase program on Thursday, May 4th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the company to reacquire up to 37.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Several equities research analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Restoration Hardware Holdings in a research report on Sunday, June 18th. Loop Capital reissued a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. KeyCorp reissued a “sector weight” rating on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. Citigroup Inc. reissued a “buy” rating and issued a $52.00 target price (down from $62.00) on shares of Restoration Hardware Holdings in a research report on Monday, June 5th. Finally, Wolfe Research raised their target price on shares of Restoration Hardware Holdings from $40.00 to $50.00 and gave the stock a “peer perform” rating in a research report on Friday, May 12th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.07.

About Restoration Hardware Holdings

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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Institutional Ownership by Quarter for Restoration Hardware Holdings (NYSE:RH)

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