Simplex Trading adds Restoration Hardware Holdings Inc (RH) to its portfolio

Restoration Hardware Holdings Inc (RH) : Simplex Trading added new position in Restoration Hardware Holdings Inc during the most recent quarter end. The investment management firm now holds 10,345 shares of Restoration Hardware Holdings Inc which is valued at $348,316 , the company said in a statement filed on Oct 7, 2016 with the SEC.Restoration Hardware Holdings Inc makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in RH in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 4,250 shares of Restoration Hardware Holdings Inc which is valued at $143,098. Restoration Hardware Holdings Inc makes up approx 0.03% of Advisory Services Network’s portfolio. Telemus Capital added RH to its portfolio by purchasing 36,000 company shares during the most recent quarter which is valued at $1,248,480. Restoration Hardware Holdings Inc makes up approx 0.14% of Telemus Capital’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RH by selling 10,048 shares or 59.69% in the most recent quarter. The Hedge Fund company now holds 6,786 shares of RH which is valued at $235,338. Washington Trust Bank sold out all of its stake in RH during the most recent quarter. The investment firm sold 324 shares of RH which is valued $11,236.

Restoration Hardware Holdings Inc closed down -0.54 points or -1.58% at $33.67 with 14,33,652 shares getting traded on Friday. Post opening the session at $34.95, the shares hit an intraday low of $33.45 and an intraday high of $35.15 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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