Restoration Hardware Holdings Inc is Downgraded by Buckingham Research to ” Underperform”

Restoration Hardware Holdings Inc (RH) was Downgraded by Buckingham Research to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, Restoration Hardware Holdings Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Dec 8, 2016. Analyst had a consensus of $0.16. The company had revenue of $549.30 million for the quarter, compared to analysts expectations of $527.38 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Several company insiders have filed Insider transactions , on Jul 18, 2016, Gary G Friedman (CEO) purchased 32,918 shares at $27.59 per share price. According to the SEC, on Jun 28, 2016, Keith Belling (director) purchased 4,000 shares at $25.37 per share price. On Nov 4, 2015, Kenneth J Dunaj (Chief Operating Officer) sold 23,900 shares at $103.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Restoration Hardware Holdings Inc closed down -0.53 points or -2.05% at $25.32 with 23,32,309 shares getting traded on Friday. Post opening the session at $26.01, the shares hit an intraday low of $24.54 and an intraday high of $26.26 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 and provide its customers to purchase its merchandise online.

Restoration Hardware Holdings Inc

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