Restoration Hardware Holdings COO Unloads $3,259,500 in Stock (RH)
Restoration Hardware Holdings (NYSE:RH) COO Kenneth Dunaj sold 50,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $65.19, for a total transaction of $3,259,500.00. Following the transaction, the chief operating officer now directly owns 85,280 shares of the company’s stock, valued at approximately $5,559,403. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Restoration Hardware Holdings (NYSE:RH) traded down 1.89% on Monday, hitting $64.50. The stock had a trading volume of 326,781 shares. Restoration Hardware Holdings has a 52-week low of $30.32 and a 52-week high of $78.50. The stock has a 50-day moving average of $68.1 and a 200-day moving average of $58.08. The company’s market cap is $2.510 billion.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.06. The company had revenue of $382.10 million for the quarter, compared to the consensus estimate of $377.60 million. The company’s quarterly revenue was up 30.5% on a year-over-year basis.
A number of analysts have recently weighed in on RH shares. Analysts at Jefferies Group raised their price target on shares of Restoration Hardware Holdings from $68.00 to $88.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Restoration Hardware Holdings in a research note to investors on Tuesday, September 3rd. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Restoration Hardware Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $79.90 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $58.98.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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