Some Traders See Unusual Bullish Options Activity in Restoration Hardware Holdings Inc

 Some Traders See Unusual Bullish Options Activity in Restoration Hardware Holdings Inc

In today’s session Restoration Hardware Holdings Inc (RH) registered an unusually high (1,094) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious RH increase. With 1,094 contracts traded and 2184 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: RH161021C00030000 closed last at: $0.7 or 26.3% down. About 126,079 shares traded hands. Restoration Hardware Holdings Inc (NYSE:RH) has declined 22.78% since March 16, 2016 and is downtrending. It has underperformed by 28.32% 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 73.48% above today’s ($30.36) stock price. Restoration Hardware Holdings has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Wednesday, March 30 the stock rating was maintained by Nomura with “Buy”. Deutsche Bank downgraded Restoration Hardware Holdings Inc (NYSE:RH) rating on Thursday, June 9. Deutsche Bank has “Hold” rating and $35 price target. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, September 1. The rating was maintained by Deutsche Bank with “Hold” on Friday, September 9. The stock has “Neutral” rating given by UBS on Thursday, June 9. The rating was maintained by Telsey Advisory Group on Friday, September 9 with “Market Perform”. The rating was upgraded by Raymond James to “Strong Buy” on Friday, February 26. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, November 20 report. The company was initiated on Friday, July 31 by Evercore. On Thursday, December 17 the stock rating was reinitiated by Sterne Agee CRT with “Buy”.

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 increased, 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.
Empyrean Capital L P last reported 700,000 shares in the company. Wasatch has 323,437 shares for 0.14% of their US portfolio. Moreover, Commonwealth Of Pennsylvania Public School Empls Retrmt has 0% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 7,268 shares. Moreover, Factory Mutual Ins has 0.09% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 231,900 shares. Johnson Fin Grp Incorporated owns 41 shares or 0% of their US portfolio. Cim Invest Mangement Inc last reported 14,704 shares in the company. Fmr Llc has 0.02% invested in the company for 6.09M shares. Putnam Invs Lc has invested 0% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Css Lc Il last reported 0.03% of its portfolio in the stock. Nuveen Asset Ltd Co holds 17,681 shares or 0% of its portfolio. Moreover, Invesco has 0% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 15,570 shares. Tradewinds Limited Liability reported 100 shares or 0% of all its holdings. Northern Tru Corporation accumulated 0% or 329,435 shares. Blair William Il holds 0.01% or 33,662 shares in its portfolio. The Florida-based Ladenburg Thalmann Ser has invested 0% in Restoration Hardware Holdings Inc (NYSE:RH).

Insider Transactions: Since July 15, 2016, the stock had 1 buying transaction, and 0 insider sales for $908,208 net activity. Another trade for 32,918 shares valued at $908,208 was made by FRIEDMAN GARY G on Friday, July 15.

Restoration Hardware Holdings, Inc. is a luxury retailer in the home furnishings marketplace. The company has a market cap of $1.25 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 27.27 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.

More news for Restoration Hardware Holdings Inc (NYSE:RH) were recently published by: Investorplace.com, which released: “Restoration Hardware Holdings Inc (RH) Pops on Williams-Sonoma, Inc. (WSM …” on September 29, 2016. Benzinga.com‘s article titled: “Jim Cramer Gives His Opinion About J C Penney, Paypal And Restoration Hardware” and published on October 18, 2016 is yet another important article.

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