Goldman Sachs Maintains Restoration Hardware Holdings Inc to Neutral with Price Target $37.00

Brokerage firm Goldman Sachs Maintains its rating on Restoration Hardware Holdings Inc(NYSE:RH). In a research note issued to the investors, the brokerage major Lowers the price-target to $37.00 per share. The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jun 9, 2016.

In a different note, On Jun 9, 2016, Raymond James said it Downgrades its rating on Restoration Hardware Holdings Inc. The shares have been rated ‘Market Perform’ by the firm. On Jun 9, 2016, Longbow Research said it Downgrades its rating on Restoration Hardware Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 9, 2016, Deutsche Bank said it Downgrades its rating on Restoration Hardware Holdings Inc. In the research note, the firm Lowers the price-target to $50.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 9, 2016, UBS said it Downgrades its rating on Restoration Hardware Holdings Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 9, 2016, Telsey Advisory Group said it Downgrades its rating on Restoration Hardware Holdings Inc. The shares have been rated ‘Market Perform’ by the firm. Longbow Research said it Initiates Coverage on Restoration Hardware Holdings Inc, according to a research note issued on May 10, 2016. The shares have been rated ‘Buy’ by the firm.

Restoration Hardware Holdings Inc (RH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.43% or 0.37 points. Due to strong positive momentum, the stock ended at $26.25, which is also near the day’s high of $26.95. The stock began the session at $26.06 and the volume stood at 44,87,204 shares. The 52-week high of the shares is $106.49 and the 52 week low is $24.745. The company has a current market capitalization of $1,066 M and it has 4,06,06,527 shares in outstanding.

Restoration Hardware Holdings Inc(RH) last announced its earnings results on Jun 8, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $455.46M. Analysts had an estimated revenue of $452.86M. Earnings per share were $-0.05. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On Nov 4, 2015, Kenneth J Dunaj (Chief Operating Officer) sold 23,900 shares at $103.04 per share price.Also, 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.

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