Restoration Hardware Holdings, Inc (NYSE:RH) insider Demonty Price sold 23,900 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.27, for a total value of $4,093,353.00. Following the sale, the insider now owns 56,949 shares in the company, valued at $9,753,655.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
RH stock traded up $3.17 during trading on Tuesday, hitting $172.73. The company had a trading volume of 827,100 shares, compared to its average volume of 1,070,285. The company has a fifty day moving average price of $145.07 and a two-hundred day moving average price of $121.88. The company has a market cap of $3.24 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.30 and a beta of 1.77. Restoration Hardware Holdings, Inc has a fifty-two week low of $84.11 and a fifty-two week high of $174.41.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.50. The business had revenue of $706.51 million for the quarter, compared to analyst estimates of $698.00 million. Restoration Hardware had a negative return on equity of 230.09% and a net margin of 6.05%. As a group, analysts expect that Restoration Hardware Holdings, Inc will post 10.7 earnings per share for the current year.
RH has been the topic of a number of research reports. UBS Group boosted their price objective on Restoration Hardware from $138.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th. Cowen restated a “hold” rating and set a $120.00 price objective on shares of Restoration Hardware in a research report on Tuesday, June 18th. ValuEngine upgraded Restoration Hardware from a “sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Goldman Sachs Group began coverage on Restoration Hardware in a research note on Thursday, July 11th. They issued a “neutral” rating and a $129.00 price target on the stock. Finally, Telsey Advisory Group boosted their price target on Restoration Hardware from $140.00 to $175.00 and gave the company a “market perform” rating in a research note on Wednesday, September 11th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $157.86.
Institutional investors have recently bought and sold shares of the business. Tiverton Asset Management LLC acquired a new position in Restoration Hardware in the second quarter worth $56,000. Griffin Asset Management Inc. acquired a new position in Restoration Hardware in the second quarter worth $62,000. Finally, Mason Street Advisors LLC boosted its stake in Restoration Hardware by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,996 shares of the company’s stock worth $617,000 after purchasing an additional 198 shares in the last quarter.
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, bathware, 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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