Could Restoration Hardware Holdings Inc Increase After Today’s Tip From Option Traders?

 Could Restoration Hardware Holdings Inc Increase After Today's Tip From Option Traders?

In today’s session Restoration Hardware Holdings Inc (RH) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious RH decrease. With 500 contracts traded and 2544 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: RH170120P00027500 closed last at: $1.75 or 12.9% up. About 241,752 shares traded hands. Restoration Hardware Holdings Inc (NYSE:RH) has declined 13.60% since March 7, 2016 and is downtrending. It has underperformed by 21.19% the S&P500.

Restoration Hardware Holdings Inc (NYSE:RH) Ratings Coverage

Out of 17 analysts covering Restoration Hardware Holdings (NYSE:RH), 5 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 29% are positive. $119 is the highest target while $28 is the lowest. The $52.67 average target is 53.38% above today’s ($34.34) stock price. Restoration Hardware Holdings has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Evercore initiated Restoration Hardware Holdings Inc (NYSE:RH) on Friday, July 31 with “Hold” rating. The stock of Restoration Hardware Holdings Inc (NYSE:RH) earned “Hold” rating by Deutsche Bank on Tuesday, June 28. As per Wednesday, March 30, the company rating was maintained by Deutsche Bank. The firm has “Market Perform” rating given on Thursday, June 9 by Raymond James. The stock has “Outperform” rating given by Wolfe Research on Monday, October 12. Nomura maintained Restoration Hardware Holdings Inc (NYSE:RH) rating on Thursday, February 25. Nomura has “Buy” rating and $85 price target. The stock has “Underperform” rating given by Buckingham Research on Friday, March 18. UBS maintained the shares of RH in a report on Friday, September 9 with “Neutral” rating. The firm has “Market Perform” rating given on Thursday, June 9 by Telsey Advisory Group. Deutsche Bank downgraded Restoration Hardware Holdings Inc (NYSE:RH) rating on Thursday, June 9. Deutsche Bank has “Hold” rating and $35 price target.

According to Zacks Investment Research, “Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, California.”

Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.35, from 0.74 in 2016Q1. The ratio improved, as 57 funds sold all Restoration Hardware Holdings Inc shares owned while 45 reduced positions. 56 funds bought stakes while 55 increased positions. They now own 41.77 million shares or 7.46% more from 38.87 million shares in 2016Q1.
Tower Rech Ltd Llc (Trc) accumulated 0.03% or 12,585 shares. Moreover, Jpmorgan Chase & has 0% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 24,784 shares. Deutsche Bank Ag has 0% invested in the company for 67,119 shares. Synovus Fincl Corp holds 0.02% or 28,935 shares in its portfolio. Moreover, Meru Capital Grp L P has 0.12% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 12,411 shares. Moreover, Liberty Mutual Gp Asset Mngmt has 0.02% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 16,231 shares. Arizona State Retirement Sys accumulated 0.01% or 16,800 shares. Rhumbline Advisers, a Massachusetts-based fund reported 72,589 shares. Carlton Hofferkamp & Jenks Wealth Management Limited Liability holds 0.57% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH) for 25,389 shares. Envestnet Asset Mngmt Inc accumulated 0% or 3,711 shares. State Of New Jersey Common Pension Fund D has 0.01% invested in the company for 59,900 shares. Samlyn Capital Ltd Liability holds 0.82% or 1.20M shares in its portfolio. Brown Capital Lc accumulated 0.02% or 52,493 shares. Pnc Fincl Services owns 521 shares or 0% of their US portfolio. Texas Permanent School Fund accumulated 28,875 shares or 0.01% of the stock.

Insider Transactions: Since July 15, 2016, the stock had 1 buying transaction, and 0 selling transactions for $908,208 net activity. 32,918 shares were bought by FRIEDMAN GARY G, worth $908,208.

Restoration Hardware Holdings, Inc. is a luxury retailer in the home furnishings marketplace. The company has a market cap of $1.38 billion. The Firm offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. It has a 30.84 P/E ratio. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.

RH Company Profile

Restoration Hardware Holdings, Inc. (RH), incorporated on August 18, 2011, is a luxury retailer in the home furnishings marketplace. The Firm offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture and non-furniture product lines. The Furniture category includes both indoor and outdoor furniture. The Non-furniture category includes lighting, textiles, accessories and home decor. The Firm produces a series of catalogs (Source Books), to showcase its merchandise assortment. The Company’s business is integrated across its channels of distribution, consisting of its stores, catalogs, including its Source Books, and Websites. The Firm operates a total of approximately 69 retail galleries, including 53 legacy Galleries, six larger format Design Galleries, four next generation Design Galleries, one RH Modern Gallery and five RH Baby & Child Galleries, as well as 17 outlet stores, across the United States and Canada.

Another recent and important Restoration Hardware Holdings Inc (NYSE:RH) news was published by Investorplace.com which published an article titled: “Restoration Hardware Holdings Inc (RH) Pops on Williams-Sonoma, Inc. (WSM …” on September 29, 2016.

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