Insider Selling: Restoration Hardware Holdings Inc. (RH) Insider Sells $2,191,200.00 in Stock

Restoration Hardware Holdings Inc. (NYSE:RH) insider Karen Boone sold 22,000 shares of Restoration Hardware stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $99.60, for a total transaction of $2,191,200.00. Following the completion of the transaction, the insider now directly owns 25,430 shares in the company, valued at $2,532,828. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Restoration Hardware Holdings Inc. (RH) opened at $99.63 on Monday. The firm has a market cap of $2,120.00, a PE ratio of 41.17, a PEG ratio of 0.99 and a beta of 1.70. The company has a debt-to-equity ratio of -48.40, a current ratio of 1.47 and a quick ratio of 0.28. Restoration Hardware Holdings Inc. has a 1 year low of $24.41 and a 1 year high of $109.53.

Restoration Hardware (NYSE:RH) last released its earnings results on Tuesday, December 5th. The company reported $1.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.04. The firm had revenue of $592.50 million for the quarter, compared to the consensus estimate of $592.46 million. Restoration Hardware had a net margin of 0.45% and a return on equity of 20.04%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. research analysts anticipate that Restoration Hardware Holdings Inc. will post 2.92 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Piper Jaffray Companies boosted their price objective on shares of Restoration Hardware from $43.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, September 7th. Citigroup raised shares of Restoration Hardware from a “neutral” rating to a “buy” rating in a research report on Thursday, November 16th. Buckingham Research reissued a “buy” rating on shares of Restoration Hardware in a research report on Wednesday, November 15th. Stifel Nicolaus reduced their price objective on shares of Restoration Hardware from $100.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, December 6th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Restoration Hardware in a research report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $79.07.

Large investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its position in shares of Restoration Hardware by 41.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,584 shares of the company’s stock worth $102,000 after buying an additional 464 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Restoration Hardware by 12.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the period. Riverhead Capital Management LLC grew its position in shares of Restoration Hardware by 58.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Restoration Hardware in the 3rd quarter worth about $274,000. 95.71% of the stock is currently owned by hedge funds and other institutional investors.

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About Restoration Hardware

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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