The stock of Restoration Hardware Holdings Inc (NYSE:RH) is a huge mover today! About 429,405 shares traded hands. Restoration Hardware Holdings Inc (NYSE:RH) has declined 21.74% since April 26, 2016 and is downtrending. It has underperformed by 27.00% the S&P500.
The move comes after 8 months positive chart setup for the $1.45B company. It was reported on Nov, 29 by Barchart.com. We have $39.80 PT which if reached, will make NYSE:RH worth $130.50M more.
Analysts await Restoration Hardware Holdings Inc (NYSE:RH) to report earnings on December, 8. They expect $0.16 earnings per share, down 75.38% or $0.49 from last year’s $0.65 per share. RH’s profit will be $6.35 million for 57.05 P/E if the $0.16 EPS becomes a reality. After $0.38 actual earnings per share reported by Restoration Hardware Holdings Inc for the previous quarter, Wall Street now forecasts -57.89% negative EPS growth.
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 rating was initiated by Oppenheimer with “Perform” on Thursday, April 14. The rating was maintained by Telsey Advisory Group on Thursday, September 1 with “Market Perform”. The firm has “Neutral” rating by Goldman Sachs given on Friday, November 20. Telsey Advisory Group maintained the shares of RH in a report on Friday, October 16 with “Outperform” rating. On Thursday, February 25 the stock rating was downgraded by Robert W. Baird to “Neutral”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, February 25. The stock of Restoration Hardware Holdings Inc (NYSE:RH) earned “Hold” rating by Deutsche Bank on Friday, September 9. The rating was downgraded by Longbow on Thursday, June 9 to “Neutral”. The company was maintained on Wednesday, March 30 by Nomura. The company was upgraded on Friday, February 26 by Raymond James.
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, dÃ©cor, 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 2016 Q2. Its up 0.21, from 1.09 in 2016Q1. The ratio is positive, 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.
The Kansas-based Waddell And Reed Fincl has invested 0.01% in Restoration Hardware Holdings Inc (NYSE:RH). Principal Financial Grp Inc has 135,928 shares for 0.01% of their US portfolio. Envestnet Asset owns 3,711 shares or 0% of their US portfolio. Mufg Americas has 100 shares for 0% of their US portfolio. Invesco accumulated 0% or 15,570 shares. Finemark State Bank Trust owns 50 shares or 0% of their US portfolio. Thrivent Fincl For Lutherans holds 109,100 shares or 0.01% of its portfolio. Sei Invests Com has invested 0% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). California State Teachers Retirement System has invested 0.01% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Ladenburg Thalmann Services last reported 488 shares in the company. Goldman Sachs Gp Inc has 0.01% invested in the company for 723,383 shares. Teacher Retirement Of Texas has 0% invested in the company for 5,218 shares. Fmr Ltd Liability Company last reported 6.09 million shares in the company. Barclays Public Ltd Com accumulated 107,808 shares or 0% of the stock. Nantahala Mgmt Limited Liability Corp last reported 272,876 shares in the company.
Insider Transactions: Since July 15, 2016, the stock had 1 insider buy, and 0 sales for $908,208 net activity. FRIEDMAN GARY G had bought 32,918 shares worth $908,208 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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