Restoration Hardware Holdings Inc (RH) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Jun 9, 2016.
Many Wall Street Analysts have commented on Restoration Hardware Holdings Inc. Restoration Hardware Holdings Inc was Initiated by Longbow to “Buy” on May 10, 2016. 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 .
On the company’s financial health, Restoration Hardware Holdings Inc reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jun 8, 2016. Analyst had a consensus of $0.05. The company had revenue of $455.50 million for the quarter, compared to analysts expectations of $452.27 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Restoration Hardware Holdings Inc opened for trading at $35.28 and hit $35.98 on the upside on Tuesday, eventually ending the session at $35.38, with a gain of 0.86% or 0.3 points. The heightened volatility saw the trading volume jump to 18,15,606 shares. Company has a market cap of $1,436 M.
In a different news, on Nov 4, 2015, Kenneth J Dunaj (Chief Operating Officer) sold 23,900 shares at $103.04 per share price. According to the SEC, on Oct 22, 2015, Carlos Alberini (director) sold 5,000 shares at $101.16 per share price. On Sep 30, 2015, Karen Boone (Chief Fin./Adm. Officer) sold 20,000 shares at $99.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.