Restoration Hardware Holdings Inc. (RH) Sets New 12-Month High at $88.66

Restoration Hardware Holdings Inc. (NYSE:RH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $88.66 and last traded at $89.05, with a volume of 868,336 shares traded. The stock had previously closed at $86.64.

Several research analysts have issued reports on the stock. Deutsche Bank AG raised shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $84.00 in a research report on Tuesday, September 26th. KeyCorp reissued a “sector weight” rating on shares of Restoration Hardware Holdings in a research report on Monday, July 17th. BidaskClub downgraded shares of Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Bank of America Corporation reissued an “underperform” rating and set a $44.00 price objective (down from $54.00) on shares of Restoration Hardware Holdings in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Hold” and a consensus target price of $63.42.

The company has a market capitalization of $1.86 billion, a PE ratio of 4632.63 and a beta of 1.61. The company’s 50 day moving average is $75.77 and its 200 day moving average is $61.33.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. On average, equities analysts forecast that Restoration Hardware Holdings Inc. will post $2.60 EPS for the current fiscal year.

In related news, CEO Gary G. Friedman acquired 13,959 shares of Restoration Hardware Holdings stock in a transaction that occurred on Tuesday, September 26th. The stock was acquired at an average price of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the acquisition, the chief executive officer now directly owns 2,235,410 shares of the company’s stock, valued at approximately $160,144,772.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman acquired 14,000 shares of Restoration Hardware Holdings stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $70.94 per share, with a total value of $993,160.00. Following the acquisition, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at $156,922,897.94. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company’s stock.

A number of hedge funds have recently bought and sold shares of RH. UBS Asset Management Americas Inc. lifted its holdings 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 worth $892,000 after purchasing an additional 11,173 shares during the period. Karp Capital Management Corp acquired a new stake in Restoration Hardware Holdings in the first quarter worth about $338,000. Teachers Advisors LLC acquired a new stake in Restoration Hardware Holdings in the first quarter worth about $3,165,000. TIAA CREF Investment Management LLC acquired a new stake in Restoration Hardware Holdings in the first quarter worth about $4,814,000. Finally, California Public Employees Retirement System lifted its holdings in Restoration Hardware Holdings by 9.2% in the first quarter. California Public Employees Retirement System now owns 62,000 shares of the company’s stock worth $2,868,000 after purchasing an additional 5,200 shares during the period. 95.71% of the stock is owned by institutional investors and hedge funds.

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Restoration Hardware Holdings Company Profile

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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