Insider Selling: Restoration Hardware Holdings Director Unloads 30,000 Shares of Stock (RH)
Restoration Hardware Holdings (NYSE:RH) Director Carlos Alberini sold 30,000 shares of Restoration Hardware Holdings stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $67.25, for a total transaction of $2,017,500.00. Following the sale, the director now directly owns 751,441 shares in the company, valued at approximately $50,534,407. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Restoration Hardware Holdings (NYSE:RH) traded up 1.96% on Friday, hitting $68.24. The stock had a trading volume of 590,542 shares. Restoration Hardware Holdings has a 1-year low of $54.61 and a 1-year high of $78.50. The stock has a 50-day moving average of $63.91 and a 200-day moving average of $64.8. The company has a market cap of $2.654 billion and a price-to-earnings ratio of 148.73.
Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.83 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.83. The company had revenue of $471.69 million for the quarter, compared to the consensus estimate of $493.09 million. During the same quarter last year, the company posted $0.64 earnings per share. Restoration Hardware Holdings’s revenue was up 18.5% compared to the same quarter last year. Analysts expect that Restoration Hardware Holdings will post $2.20 EPS for the current fiscal year.
A number of analysts have recently weighed in on RH shares. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Restoration Hardware Holdings in a research note on Tuesday, May 20th. Analysts at Piper Jaffray raised their price target on shares of Restoration Hardware Holdings from $65.00 to $72.00 in a research note on Friday, March 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Restoration Hardware Holdings has a consensus rating of “Buy” and an average target price of $78.58.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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