Restoration Hardware (RH) Shares Up 10.1%

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Restoration Hardware Holdings, Inc (NYSE:RH) shot up 10.1% on Thursday . The company traded as high as $120.16 and last traded at $118.62. 2,273,773 shares were traded during trading, an increase of 109% from the average session volume of 1,089,663 shares. The stock had previously closed at $107.75.

A number of research firms have weighed in on RH. ValuEngine downgraded Restoration Hardware from a “strong-buy” rating to a “buy” rating in a report on Monday, July 2nd. Stifel Nicolaus upgraded shares of Restoration Hardware from a “hold” rating to a “buy” rating and lifted their target price for the company from $142.00 to $150.00 in a research note on Friday. Loop Capital lifted their target price on shares of Restoration Hardware from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Citigroup lifted their target price on shares of Restoration Hardware from $170.00 to $176.00 and gave the company a “buy” rating in a research note on Monday, July 9th. Finally, William Blair reiterated an “outperform” rating on shares of Restoration Hardware in a research note on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $130.67.

The company has a current ratio of 0.83, a quick ratio of 0.17 and a debt-to-equity ratio of 4.99. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 40.75, a P/E/G ratio of 0.72 and a beta of 2.10.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings data on Tuesday, September 4th. The company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.30. Restoration Hardware had a net margin of 4.29% and a return on equity of 520.85%. The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter in the previous year, the company posted $0.65 EPS. Restoration Hardware’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts forecast that Restoration Hardware Holdings, Inc will post 7.19 earnings per share for the current year.

In other Restoration Hardware news, CEO Gary G. Friedman bought 7,622 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was bought at an average price of $131.19 per share, for a total transaction of $999,930.18. Following the transaction, the chief executive officer now owns 2,253,332 shares of the company’s stock, valued at approximately $295,614,625.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ali Rowghani sold 3,024 shares of the company’s 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 sale, the director now owns 6,953 shares of the company’s stock, valued at approximately $901,665.04. The disclosure for this sale can be found here. Insiders own 29.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Koch Industries Inc. acquired a new position in shares of Restoration Hardware in the 1st quarter valued at $205,000. WINTON GROUP Ltd acquired a new position in shares of Restoration Hardware in the 1st quarter valued at $272,000. Verition Fund Management LLC grew its holdings in shares of Restoration Hardware by 16.2% in the 1st quarter. Verition Fund Management LLC now owns 3,926 shares of the company’s stock valued at $374,000 after buying an additional 547 shares during the period. Profund Advisors LLC grew its holdings in shares of Restoration Hardware by 24.6% in the 1st quarter. Profund Advisors LLC now owns 4,109 shares of the company’s stock valued at $392,000 after buying an additional 810 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Restoration Hardware in the 1st quarter valued at $819,000.

About Restoration Hardware (NYSE:RH)

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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