Short Term Price Target on Restoration Hardware Holdings (RH)

Restoration Hardware Holdings (NYSE:RH) : The highest level Restoration Hardware Holdings (NYSE:RH) is projected to reach is $70 for the short term and the lowest estimate is at $21. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $38.64 and the possibility the share price can swing is $14.24.

Shares of Restoration Hardware Holdings, Inc. appreciated by 2.72% during the last five trading days but lost 15.8% on a 4-week basis. Restoration Hardware Holdings, Inc. has dropped 34.48% during the last 3-month period . Year-to-Date the stock performance stands at -63.9%. Also, In a research note released to the investors, Raymond James downgrades its rating on Restoration Hardware Holdings (NYSE:RH).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on June 9, 2016.

Restoration Hardware Holdings (NYSE:RH) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Restoration Hardware Holdings (NYSE:RH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.01 and $27.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.68, notching a gain of 2.25% for the day. The total traded volume was 2,690,708 . The stock had closed at $28.05 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Dunaj Kenneth J, officer (Chief Operating Officer) of Restoration Hardware Holdings Inc, had unloaded 23,900 shares at an average price of $103.04 in a transaction dated on November 2, 2015. The total value of the transaction was worth $2,462,656.

Restoration Hardware Holdings, Inc. (RH) is a holding company. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and childrens furnishings. These products are sold through the Companys stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Companys retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others. Its Websites, and, provide its customers to purchase its merchandise online.

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