Empyrean Capital Partners Lp adds Restoration Hardware Holdings Inc (RH) to its portfolio

Restoration Hardware Holdings Inc (RH) : Empyrean Capital Partners Lp added new position in Restoration Hardware Holdings Inc during the most recent quarter end. The investment management firm now holds 1,400,000 shares of Restoration Hardware Holdings Inc which is valued at $48,566,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Restoration Hardware Holdings Inc makes up approximately 4.64% of Empyrean Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Samlyn Capital reduced its stake in RH by selling 697,842 shares or 58.26% in the most recent quarter. The Hedge Fund company now holds 500,064 shares of RH which is valued at $17,347,220. Restoration Hardware Holdings Inc makes up approx 0.43% of Samlyn Capital’s portfolio.Geode Capital Management boosted its stake in RH in the latest quarter, The investment management firm added 15,197 additional shares and now holds a total of 273,182 shares of Restoration Hardware Holdings Inc which is valued at $8,602,501.Nationwide Fund Advisors boosted its stake in RH in the latest quarter, The investment management firm added 67,489 additional shares and now holds a total of 89,118 shares of Restoration Hardware Holdings Inc which is valued at $2,693,146. Restoration Hardware Holdings Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.

Restoration Hardware Holdings Inc opened for trading at $33.71 and hit $35.87 on the upside on Monday, eventually ending the session at $34.51, with a gain of 0.38% or 0.13 points. The heightened volatility saw the trading volume jump to 18,16,730 shares. Company has a market cap of $1,405 M.

On the company’s financial health, Restoration Hardware Holdings Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Sep 8, 2016. Analyst had a consensus of $0.29. The company had revenue of $543.40 million for the quarter, compared to analysts expectations of $512.14 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on Restoration Hardware Holdings Inc. Restoration Hardware Holdings Inc was Upgraded by Buckingham Research to ” Neutral” on Oct 7, 2016. Company shares were Reiterated by Telsey Advisory Group on Sep 9, 2016 to “Market Perform”, Firm has raised the Price Target to $ 41 from a previous price target of $35 .Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Hold”, Firm has raised the Price Target to $ 40 from a previous price target of $28 .

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.

Leave a Reply

Restoration Hardware Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Restoration Hardware Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.