Exclusive: What’s Propelling Restoration Hardware Holdings Inc to Increase So Much?

Exclusive: What's Propelling Restoration Hardware Holdings Inc to Increase So Much?

The stock of Restoration Hardware Holdings Inc (NYSE:RH) is a huge mover today! About 2.48 million shares traded hands or 63.16% up from the average. Restoration Hardware Holdings Inc (NYSE:RH) has declined 20.99% since April 20, 2016 and is downtrending. It has underperformed by 25.54% the S&P500.
The move comes after 9 months positive chart setup for the $1.54B company. It was reported on Nov, 22 by Barchart.com. We have $39.81 PT which if reached, will make NYSE:RH worth $107.80 million more.

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. Restoration Hardware Holdings has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, October 7 by Buckingham Research. UBS maintained Restoration Hardware Holdings Inc (NYSE:RH) on Wednesday, March 30 with “Buy” rating. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, October 16 report. The firm has “Market Perform” rating given on Thursday, June 9 by Telsey Advisory Group. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, September 1. The company was downgraded on Friday, March 18 by Buckingham Research. Cowen & Co maintained Restoration Hardware Holdings Inc (NYSE:RH) rating on Thursday, February 25. Cowen & Co has “Market Perform” rating and $47 price target. UBS initiated the shares of RH in a report on Monday, November 9 with “Buy” rating. The firm has “Buy” rating given on Wednesday, March 30 by Deutsche Bank. Deutsche Bank maintained it with “Buy” rating and $60 target price in Thursday, February 25 report.

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 1.3 in Q2 2016. Its up 0.21, from 1.09 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.
Blackrock Group Inc Limited has invested 0% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Vanguard Grp Inc last reported 0% of its portfolio in the stock. Empyrean Capital Prns Ltd Partnership reported 700,000 shares or 0.91% of all its holdings. Schwab Charles Mgmt Inc holds 134,042 shares or 0% of its portfolio. Tradewinds Mgmt Limited Co holds 100 shares or 0% of its portfolio. Moon Capital Management Ltd Partnership accumulated 113,574 shares or 1.26% of the stock. Ontario Teachers Pension Plan Board reported 7,870 shares or 0% of all its holdings. Wellington Mgmt Grp Llp last reported 0% of its portfolio in the stock. Ls Inv Advsr Ltd Liability holds 2,312 shares or 0% of its portfolio. The Georgia-based Synovus Financial Corporation has invested 0.02% in Restoration Hardware Holdings Inc (NYSE:RH). Thrivent Fincl For Lutherans holds 0.01% or 109,100 shares in its portfolio. Moreover, Nuveen Asset Mngmt Ltd Liability has 0% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 17,681 shares. Tudor Et Al accumulated 0.01% or 16,160 shares. Jpmorgan Chase And holds 0% or 24,784 shares in its portfolio. Eulav Asset reported 7,000 shares or 0.01% of all its holdings.

Insider Transactions: Since July 15, 2016, the stock had 1 insider purchase, and 0 selling transactions for $908,208 net activity. FRIEDMAN GARY G bought $908,208 worth of Restoration Hardware Holdings Inc (NYSE:RH) on Friday, July 15.

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.

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