Restoration Hardware Sees Unusually High Options Volume (RH)

Restoration Hardware Holdings, Inc (NYSE:RH) saw some unusual options trading activity on Monday. Stock traders bought 7,058 put options on the stock. This is an increase of approximately 1,188% compared to the typical daily volume of 548 put options.

RH has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Restoration Hardware in a report on Tuesday, August 14th. Gordon Haskett raised shares of Restoration Hardware from a “hold” rating to an “accumulate” rating and dropped their price target for the company from $135.00 to $58.00 in a research report on Tuesday, August 28th. Piper Jaffray Companies increased their price target on shares of Restoration Hardware to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, September 5th. Stifel Nicolaus increased their price target on shares of Restoration Hardware from $125.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, September 5th. Finally, Deutsche Bank increased their price target on shares of Restoration Hardware from $160.00 to $178.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Restoration Hardware currently has a consensus rating of “Hold” and an average target price of $141.29.

Shares of RH opened at $123.65 on Tuesday. Restoration Hardware has a twelve month low of $74.50 and a twelve month high of $164.49. The company has a debt-to-equity ratio of 4.99, a current ratio of 0.83 and a quick ratio of 0.17. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 40.54, a PEG ratio of 0.74 and a beta of 2.04.

Restoration Hardware (NYSE:RH) last posted its earnings results on Monday, December 3rd. The company reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.46. Restoration Hardware had a net margin of 4.29% and a return on equity of 520.85%. The firm had revenue of $636.60 million during the quarter, compared to analysts’ expectations of $632.25 million. During the same period last year, the company posted $1.04 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that Restoration Hardware will post 7.2 EPS for the current fiscal year.

In other Restoration Hardware news, CEO Gary G. Friedman bought 7,622 shares of Restoration Hardware stock in a transaction that occurred on Thursday, September 13th. The shares were bought at an average price of $131.19 per share, with a total value of $999,930.18. Following the acquisition, the chief executive officer now owns 2,253,332 shares in the company, valued at $295,614,625.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Rowghani sold 3,024 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total transaction of $392,152.32. Following the transaction, the director now directly owns 6,953 shares in the company, valued at approximately $901,665.04. The disclosure for this sale can be found here. 29.70% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Restoration Hardware stock. BNP Paribas Arbitrage SA lifted its stake in Restoration Hardware Holdings, Inc (NYSE:RH) by 24.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,238 shares of the company’s stock after purchasing an additional 3,403 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Restoration Hardware worth $2,408,000 as of its most recent SEC filing.

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Restoration Hardware Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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