Restoration Hardware Holdings (RH) stock is expected to deviate a maximum of $14.4 from the average target price of $38.36 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.
Restoration Hardware Holdings (RH), A reduction of 645,040 shares or 6.5% was observed in the short interest of Restoration Hardware Holdings The interest on June 30,2016 came in at 9,298,844 shares and as per the average daily trading of 3,473,592 shares, the days to cover are 3. The reduced interest is 24.3% of the floated shares. The data of June 15,2016 put the interest at 9,943,884 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Restoration Hardware Holdings (NYSE:RH). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Strong Buy. The rating by the firm was issued on June 9, 2016.
Restoration Hardware Holdings (NYSE:RH): On Thursdays trading session , Opening price of the stock was $29.29 with an intraday high of $29.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.2. However, the stock managed to close at $28.64, a loss of 0.45% for the day. On the previous day, the stock had closed at $28.77. The total traded volume of the day was 1,971,090 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.