Goldman Sachs Upgrades Restoration Hardware Holdings Inc to Buy with Price Target $40.00

Brokerage firm Goldman Sachs Upgrades its rating on Restoration Hardware Holdings Inc(NYSE:RH). In a research note issued to the investors, the brokerage major Raises the price-target to $40.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Aug 18, 2016.

In a different note, On Jun 9, 2016, Goldman Sachs said it Maintains its rating on Restoration Hardware Holdings Inc. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm. 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.

Restoration Hardware Holdings Inc (RH) made into the market gainers list on Mondays trading session with the shares advancing 3.50% or 1.14 points. Due to strong positive momentum, the stock ended at $33.73, which is also near the day’s high of $34.41. The stock began the session at $32.85 and the volume stood at 20,71,572 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 $1,370 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 Jul 18, 2016, Gary G Friedman (CEO) purchased 32,918 shares at $27.59 per share price.Also, 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. (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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