Restoration Hardware Holdings Inc. (RH) Shares Gap Up After Analyst Upgrade

Restoration Hardware Holdings Inc. (NYSE:RH) gapped up before the market opened on Friday after Loop Capital raised their price target on the stock to $101.00. The stock had previously closed at $66.50, but opened at $83.30. Loop Capital currently has a hold rating on the stock. Restoration Hardware Holdings shares last traded at $104.81, with a volume of 7090300 shares trading hands.

A number of other equities research analysts also recently issued reports on RH. Buckingham Research restated a “buy” rating on shares of Restoration Hardware Holdings in a research note on Wednesday. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Restoration Hardware Holdings in a research note on Thursday. Zacks Investment Research downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG boosted their price target on Restoration Hardware Holdings from $100.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. Restoration Hardware Holdings presently has an average rating of “Hold” and an average target price of $66.02.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC lifted its holdings in Restoration Hardware Holdings 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 purchasing an additional 464 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Restoration Hardware Holdings 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 purchasing an additional 698 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Restoration Hardware Holdings by 12.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after acquiring an additional 255 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Restoration Hardware Holdings by 59.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Restoration Hardware Holdings during the 3rd quarter worth approximately $274,000. 95.71% of the stock is currently owned by institutional investors.

The firm has a market cap of $2,220.00, a price-to-earnings ratio of 56.49, a PEG ratio of 1.14 and a beta of 1.68. The company has a debt-to-equity ratio of -26.72, a current ratio of 1.50 and a quick ratio of 0.27.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million for the quarter, compared to analysts’ expectations of $606.38 million. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. equities analysts forecast that Restoration Hardware Holdings Inc. will post 2.6 EPS for the current fiscal year.

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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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