Restoration Hardware Holdings (NYSE:RH) stock is expected to deviate a maximum of $13.86 from the average target price of $39.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $70 and the most muted being $21.
Other Equity analysts have also commented 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.
Restoration Hardware Holdings (NYSE:RH): stock turned positive on Thursday. Though the stock opened at $27.69, the bulls momentum made the stock top out at $28.09 level for the day. The stock recorded a low of $27.31 and closed the trading day at $27.92, in the green by 1.09%. The total traded volume for the day was 2,841,312. The stock had closed at $27.62 in the previous days trading.
The company shares have dropped -71.14% 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 $32.11 and the 200 Day Moving Average price is recorded at $49.14. 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.
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.