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

Restoration Hardware Holdings Inc. (NYSE:RH) CEO Gary G. Friedman purchased 14,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $70.94 per share, with a total value of $993,160.00. Following the acquisition, the chief executive officer now owns 2,212,051 shares in the company, valued at approximately $156,922,897.94. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Restoration Hardware Holdings Inc. (NYSE RH) opened at 72.22 on Friday. The firm has a 50-day moving average of $56.93 and a 200 day moving average of $53.93. Restoration Hardware Holdings Inc. has a 12 month low of $24.41 and a 12 month high of $79.91. The firm has a market capitalization of $1.53 billion, a PE ratio of 3801.05 and a beta of 1.53.

Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million during the quarter, compared to the consensus estimate of $606.38 million. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Restoration Hardware Holdings Inc. will post $2.59 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Restoration Hardware Holdings by 12.6% in 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 during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 464 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Restoration Hardware Holdings by 58.2% in the second quarter. Riverhead Capital Management LLC now owns 1,898 shares of the company’s stock worth $122,000 after buying an additional 698 shares during the period. Sei Investments Co. increased its stake in shares of Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

A number of analysts have recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and set a $45.00 price target on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Restoration Hardware Holdings in a report on Saturday, June 3rd. Zacks Investment Research downgraded shares of Restoration Hardware Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 16th. Piper Jaffray Companies upped their price target on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, Citigroup Inc. cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $63.00 to $76.00 in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $59.55.

Restoration Hardware Holdings Company Profile

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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