Restoration Hardware Holdings (NYSE:RH) has tumbled 2.15% during the past week and has dropped 18.58% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.97%. Restoration Hardware Holdings (NYSE:RH) has underperformed the index by 19.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Restoration Hardware Holdings (NYSE:RH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.04 and $25.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.99, notching a gain of 0.08% for the day. The total traded volume was 5,396,863 . The stock had closed at $25.97 on the previous day.
The company shares have dropped -72.94% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $106.49 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $33.48 and the 200 Day Moving Average price is recorded at $50.83.
On the companys insider trading activities,The officer (Chief Operating Officer) of Restoration Hardware Holdings Inc, Dunaj Kenneth J sold 23,900 shares at $103.04 on November 2, 2015. The Insider selling transaction had a total value worth of $2,462,656. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Raymond James downgrades its rating on Restoration Hardware Holdings (NYSE:RH). The rating major has initiated the coverage with market perform rating 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. Currently the company Insiders own 16.4% of Restoration Hardware Holdings shares according to the proxy statements. Institutional Investors own 98.28% of Restoration Hardware Holdings shares.
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, www.restorationhardware.com and www.rh.com, provide its customers to purchase its merchandise online.