Restoration Hardware Holdings Inc (RH) : Sls Management added new position in Restoration Hardware Holdings Inc during the most recent quarter end. The investment management firm now holds 88,050 shares of Restoration Hardware Holdings Inc which is valued at $3,054,455 , the company said in a statement filed on Nov 14, 2016 with the SEC.Restoration Hardware Holdings Inc makes up approximately 5.44% of Sls Management’s portfolio.
Other Hedge Funds, Including , Jnba Financial Advisors added RH to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $416. Emerald Acquisition Ltd. sold out all of its stake in RH during the most recent quarter. The investment firm sold 133,201 shares of RH which is valued $3,942,750.Advisors Asset Management reduced its stake in RH by selling 100 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 900 shares of RH which is valued at $26,127. Gemmer Asset Management added RH to its portfolio by purchasing 205 company shares during the most recent quarter which is valued at $6,160.
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.