Nomura reissued a “buy” rating and set a $60.00 price target (down from $75.00) on shares of Restoration Hardware Holdings in a research report on Thursday, June 9th.
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Restoration Hardware Chairman and CEO Gary Friedman said in a statement that the costs of introducing the company’s new modern furniture line and the newness of its membership offering hit its second quarter results, but vowed that both efforts – plus other new initiatives, including an overhaul of its catalog – will soon begin to pay off. For the same quarter 12 months ago, 131.76% was realised at as the difference between $0.67 and the actual EPS reported. In the same period of past year, Restoration Hardware posted EPS of $0.85 and $506.9 million in revenue.
Restoration Hardware Holdings has 40,606,000 shares in issue which have a share price of 35.29 giving Restoration Hardware Holdings a market capitalisation of 1.43B United States dollars. During its last trading session, Stock traded with the total exchanged volume of 2.62 million shares.
06/28/2016 – Restoration Hardware Holdings Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. Restoration Hardware Holdings Inc. has a 52-week low of 24.75 and a 52-week high of 106.49. Same-store sales fell 3%, however, compared to a rise of 16% past year. They had been down 56 percent this year after sales and profit declines torpedoed the stock.
Restoration Hardware Holdings Inc (NYSE:RH) reached at $34.88 price level during last trade its distance from 20 days simple moving average is 6.84%, and its distance from 50 days simple moving average is 13.87% while it has a distance of -25.18% from the 200 days simple moving average. The consensus estimates call for $0.40 in EPS on $539.66 million in revenue.
The stock of Restoration Hardware Holdings IN (NYSE:RH) registered an increase of 8.68% in short interest. Also, Director Keith Belling purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 28th. In contrast, the average volume was 3138830 shares. Following the completion of the acquisition, the director now directly owns 18,608 shares in the company, valued at $472,084.96. The company posted a positive surprise factor of 2.41% by 0.02. The institutional ownership stake in the corporation is – while the Beta value stands at 1.42. The firm past twelve months price to sales ratio was 0.66 and price to cash ratio remained 4.19. Shellback Capital LP bought a new position in shares of Restoration Hardware Holdings during the fourth quarter valued at about $7,945,000.
Restoration Hardware Holdings Inc.
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But Restoration Hardware has slipped of late, and is revamping its business strategy to include a pay-to-play model for its RH Grey Card loyalty program in lieu of holding sales. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
