Cheyne Capital Management (uk) Llp adds Restoration Hardware Holdings Inc (RH) to its portfolio

Restoration Hardware Holdings Inc (RH) : Cheyne Capital Management (uk) Llp added new position in Restoration Hardware Holdings Inc during the most recent quarter end. The investment management firm now holds 40,750 shares of Restoration Hardware Holdings Inc which is valued at $1,829,268 , the company said in a statement filed on Apr 18, 2016 with the SEC.Restoration Hardware Holdings Inc makes up approximately 0.85% of Cheyne Capital Management (uk) Llp’s portfolio.

Restoration Hardware Holdings Inc opened for trading at $44.42 and hit $45.17 on the upside on Friday, eventually ending the session at $44.89, with a gain of 0.83% or 0.37 points. The heightened volatility saw the trading volume jump to 8,05,513 shares. Company has a market cap of $1,822 M.

Other Hedge Funds, Including , Carlton Hofferkamp Jenks Wealth Management boosted its stake in RH in the latest quarter, The investment management firm added 384 additional shares and now holds a total of 24,254 shares of Restoration Hardware Holdings Inc which is valued at $1,066,933. Restoration Hardware Holdings Inc makes up approx 0.86% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Simplex Trading boosted its stake in RH in the latest quarter, The investment management firm added 25,076 additional shares and now holds a total of 25,606 shares of Restoration Hardware Holdings Inc which is valued at $1,126,408. Restoration Hardware Holdings Inc makes up approx 0.18% of Simplex Trading’s portfolio. Independent Portfolio Consultants sold out all of its stake in RH during the most recent quarter. The investment firm sold 1,420 shares of RH which is valued $62,466.Searle boosted its stake in RH in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 6,350 shares of Restoration Hardware Holdings Inc which is valued at $279,337. Restoration Hardware Holdings Inc makes up approx 0.26% of Searle’s portfolio.

On the company’s financial health, Restoration Hardware Holdings Inc reported $0.98 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Mar 29, 2016. Analyst had a consensus of $1.39. The company had revenue of $647.20 million for the quarter, compared to analysts expectations of $710.85 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Restoration Hardware Holdings Inc. Barclays Initiated Restoration Hardware Holdings Inc on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $50.Shares were Reiterated by UBS on Mar 30, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $55 .Shares were Reiterated by Deutsche Bank on Mar 30, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $60 .

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 children’s furnishings. These products are sold through the Company’s 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 Company’s 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 www.restorationhardware.com and www.rh.com provide its customers to purchase its merchandise online.

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