Miura Global Management adds Restoration Hardware Holdings Inc (RH) to its portfolio

Restoration Hardware Holdings Inc (RH) : Miura Global Management added new position in Restoration Hardware Holdings Inc during the most recent quarter end. The investment management firm now holds 1,350,000 shares of Restoration Hardware Holdings Inc which is valued at $42,390,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Restoration Hardware Holdings Inc makes up approximately 4.14% of Miura Global Management’s portfolio.

Other Hedge Funds, Including , Samlyn Capital added RH to its portfolio by purchasing 1,197,906 company shares during the most recent quarter which is valued at $37,614,248. Restoration Hardware Holdings Inc makes up approx 0.91% of Samlyn Capital’s portfolio.Thrivent Financial For Lutherans boosted its stake in RH in the latest quarter, The investment management firm added 23,340 additional shares and now holds a total of 109,100 shares of Restoration Hardware Holdings Inc which is valued at $3,425,740. Restoration Hardware Holdings Inc makes up approx 0.02% of Thrivent Financial For Lutherans’s portfolio. Barrow Hanley Mewhinney Strauss added RH to its portfolio by purchasing 1,860,862 company shares during the most recent quarter which is valued at $56,774,900. Restoration Hardware Holdings Inc makes up approx 0.08% of Barrow Hanley Mewhinney Strauss’s portfolio.Cheyne Capital Management (uk) Llp boosted its stake in RH in the latest quarter, The investment management firm added 15,250 additional shares and now holds a total of 56,000 shares of Restoration Hardware Holdings Inc which is valued at $1,655,360. Restoration Hardware Holdings Inc makes up approx 1.45% of Cheyne Capital Management (uk) Llp’s portfolio. Louisiana State Employees Retirement System added RH to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $295,600. Restoration Hardware Holdings Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.

Restoration Hardware Holdings Inc closed down -0.31 points or -0.92% at $33.42 with 14,64,576 shares getting traded on Thursday. Post opening the session at $33.73, the shares hit an intraday low of $32.94 and an intraday high of $33.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Restoration Hardware Holdings Inc reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jun 8, 2016. Analyst had a consensus of $0.05. The company had revenue of $455.50 million for the quarter, compared to analysts expectations of $452.27 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Restoration Hardware Holdings Inc. Company shares were Reiterated by Telsey Advisory Group on Sep 1, 2016 to “Market Perform”, Firm has raised the Price Target to $ 35 from a previous price target of $30 .Restoration Hardware Holdings Inc was Upgraded by Goldman to ” Buy” on Aug 19, 2016. Shares were Reiterated by Deutsche Bank on Jun 28, 2016 to “Hold” and Lowered the Price Target to $ 28 from a previous price target of $35 .

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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