Restoration Hardware Holdings (RH) has risen sharply, recording gains of 5.81% in the past 4 weeks. However, the stock has corrected -7.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 11.49%.
Restoration Hardware Holdings (NYSE:RH): The stock opened at $28.89 on Friday but the bulls could not build on the opening and the stock topped out at $28.89 for the day. The stock traded down to $27.23 during the day, due to lack of any buying support eventually closed down at $27.50 with a loss of -3.98% for the day. The stock had closed at $28.64 on the previous day. The total traded volume was 3,131,578 shares.
The company Insiders own 16.4% of Restoration Hardware Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 27.38% . Institutional Investors own 98.41% of Restoration Hardware Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 27.38%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of Restoration Hardware Holdings Inc, Belling Keith had purchased shares worth of $101,480 in a transaction dated on June 28, 2016. A total of 4,000 shares were purchased at a price of $25.37 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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 childrens furnishings. These products are sold through the Companys 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 Companys 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.