Insider Selling: Eri Chaya Sells 25,000 Shares of Restoration Hardware Holdings Stock (RH)
Restoration Hardware Holdings (NYSE:RH) Director Eri Chaya sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $63.76, for a total value of $1,594,000.00. Following the transaction, the director now directly owns 58,045 shares of the company’s stock, valued at approximately $3,700,949. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Restoration Hardware Holdings (NYSE:RH) traded up 1.23% on Friday, hitting $65.83. 966,193 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 52-week low of $30.32 and a 52-week high of $78.50. The stock’s 50-day moving average is $66.38 and its 200-day moving average is $59.67. The company’s market cap is $2.562 billion.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Tuesday, September 10th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that Restoration Hardware Holdings will post $1.71 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Restoration Hardware Holdings in a research note to investors on Thursday. They now have a $88.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Restoration Hardware Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 11th. They now have a $79.90 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company 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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