Gary G. Friedman Buys 14,000 Shares of Restoration Hardware Holdings Inc. (RH) Stock

Restoration Hardware Holdings Inc. (NYSE:RH) CEO Gary G. Friedman purchased 14,000 shares of Restoration Hardware Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares in the company, valued at $156,922,897.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Restoration Hardware Holdings Inc. (NYSE:RH) opened at 73.30 on Friday. The company has a market capitalization of $2.43 billion, a PE ratio of 191.88 and a beta of 1.53. Restoration Hardware Holdings Inc. has a 52-week low of $24.41 and a 52-week high of $79.91. The company has a 50-day moving average price of $56.61 and a 200 day moving average price of $53.00.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. Restoration Hardware Holdings’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Restoration Hardware Holdings Inc. will post $2.58 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in RH. Wells Fargo & Company MN lifted its stake in shares of Restoration Hardware Holdings by 9.2% during the first quarter. Wells Fargo & Company MN now owns 94,869 shares of the company’s stock worth $4,388,000 after buying an additional 7,993 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Restoration Hardware Holdings by 150.4% during the first quarter. Great West Life Assurance Co. Can now owns 52,402 shares of the company’s stock worth $2,423,000 after buying an additional 31,475 shares during the period. First Trust Advisors LP lifted its stake in shares of Restoration Hardware Holdings by 133.4% during the first quarter. First Trust Advisors LP now owns 78,083 shares of the company’s stock worth $3,612,000 after buying an additional 44,628 shares during the period. Swiss National Bank lifted its stake in shares of Restoration Hardware Holdings by 2.9% during the first quarter. Swiss National Bank now owns 60,130 shares of the company’s stock worth $2,782,000 after buying an additional 1,700 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Restoration Hardware Holdings by 137.8% during the first quarter. UBS Asset Management Americas Inc. now owns 19,279 shares of the company’s stock worth $892,000 after buying an additional 11,173 shares during the period. Institutional investors own 95.53% of the company’s stock.

RH has been the topic of several research reports. KeyCorp reaffirmed an “overweight” rating and set a $56.00 price objective (down from $62.00) on shares of Restoration Hardware Holdings in a research report on Friday, June 2nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $45.00 price objective (down from $50.00) on shares of Restoration Hardware Holdings in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $44.00 price objective (down from $50.00) on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. UBS AG reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Finally, Loop Capital reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $59.55.

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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