Price Action to Note: A Reversal for Restoration Hardware Holdings Inc Is Not Near. The Stock Rises Again

Price Action to Note: A Reversal for Restoration Hardware Holdings Inc Is Not Near. The Stock Rises Again

The stock of Restoration Hardware Holdings Inc (NYSE:RH) is a huge mover today! About 2.01M shares traded hands or 34.90% up from the average. Restoration Hardware Holdings Inc (NYSE:RH) has declined 28.69% since April 8, 2016 and is downtrending. It has underperformed by 34.34% the S&P500.
The move comes after 6 months positive chart setup for the $1.34 billion company. It was reported on Nov, 10 by Barchart.com. We have $39.58 PT which if reached, will make NYSE:RH worth $321.60M more.

Restoration Hardware Holdings Inc (NYSE:RH) Ratings Coverage

Out of 17 analysts covering Restoration Hardware Holdings (NYSE:RH), 5 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 29% are positive. Restoration Hardware Holdings has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, July 31 the stock rating was initiated by Evercore with “Hold”. On Thursday, February 25 the stock rating was maintained by Deutsche Bank with “Buy”. The company was maintained on Friday, September 9 by Deutsche Bank. The firm has “Outperform” rating given on Monday, October 12 by Wolfe Research. The company was downgraded on Friday, March 18 by Buckingham Research. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, November 20 report. The stock of Restoration Hardware Holdings Inc (NYSE:RH) earned “Hold” rating by Deutsche Bank on Thursday, June 9. As per Monday, November 9, the company rating was initiated by UBS. The stock of Restoration Hardware Holdings Inc (NYSE:RH) has “Neutral” rating given on Thursday, June 9 by Longbow. The stock of Restoration Hardware Holdings Inc (NYSE:RH) earned “Market Perform” rating by Telsey Advisory Group on Friday, September 9.

According to Zacks Investment Research, “Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, California.”

Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.35, from 0.74 in 2016Q1. The ratio improved, as 57 funds sold all Restoration Hardware Holdings Inc shares owned while 45 reduced positions. 56 funds bought stakes while 55 increased positions. They now own 41.77 million shares or 7.46% more from 38.87 million shares in 2016Q1.
Moreover, Wells Fargo & Co Mn has 0% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 45,690 shares. Thrivent For Lutherans has invested 0.01% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Blackrock Institutional Co Na has 1.11M shares for 0.01% of their US portfolio. Moreover, Blackrock Inv Mgmt Lc has 0.01% invested in Restoration Hardware Holdings Inc (NYSE:RH) for 252,378 shares. Timber Hill Limited Liability Com has 0% invested in the company for 15,193 shares. The California-based Research Global has invested 0% in Restoration Hardware Holdings Inc (NYSE:RH). The New York-based Fny Managed Accounts Llc has invested 0% in Restoration Hardware Holdings Inc (NYSE:RH). Adirondack Trust last reported 40 shares in the company. Advantus Capital Management Inc has invested 0% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Pnc Grp Inc has invested 0% of its portfolio in Restoration Hardware Holdings Inc (NYSE:RH). Hhr Asset Management Ltd owns 1.65 million shares or 2.4% of their US portfolio. Tradewinds Capital Mngmt Limited Liability Corporation last reported 100 shares in the company. Mutual Of America Capital Lc accumulated 29,047 shares or 0.02% of the stock. Joel Isaacson & Co Limited Liability Company accumulated 200 shares or 0% of the stock. Oakworth Capital owns 295 shares or 0% of their US portfolio.

Insider Transactions: Since July 15, 2016, the stock had 1 insider buy, and 0 sales for $908,208 net activity. $908,208 worth of Restoration Hardware Holdings Inc (NYSE:RH) was bought by FRIEDMAN GARY G.

RH Company Profile

Restoration Hardware Holdings, Inc. (RH), incorporated on August 18, 2011, is a luxury retailer in the home furnishings marketplace. The Firm offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture and non-furniture product lines. The Furniture category includes both indoor and outdoor furniture. The Non-furniture category includes lighting, textiles, accessories and home decor. The Firm produces a series of catalogs (Source Books), to showcase its merchandise assortment. The Company’s business is integrated across its channels of distribution, consisting of its stores, catalogs, including its Source Books, and Websites. The Firm operates a total of approximately 69 retail galleries, including 53 legacy Galleries, six larger format Design Galleries, four next generation Design Galleries, one RH Modern Gallery and five RH Baby & Child Galleries, as well as 17 outlet stores, across the United States and Canada.

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