Insider Selling: Carlos Alberini Sells 50,000 Shares of Restoration Hardware Holdings Stock (RH)
Restoration Hardware Holdings (NYSE:RH) Director Carlos Alberini sold 50,000 shares of the stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $88.53, for a total value of $4,426,500.00. Following the completion of the transaction, the director now directly owns 701,441 shares of the company’s stock, valued at approximately $62,098,572. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Restoration Hardware Holdings (NYSE:RH) traded up 1.91% on Friday, hitting $90.20. 2,002,957 shares of the company’s stock traded hands. Restoration Hardware Holdings has a one year low of $54.61 and a one year high of $90.40. The stock has a 50-day moving average of $69.14 and a 200-day moving average of $65.3. The company has a market cap of $3.552 billion and a price-to-earnings ratio of 182.12.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, June 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Analysts expect that Restoration Hardware Holdings will post $2.31 EPS for the current fiscal year.
RH has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. raised their price target on shares of Restoration Hardware Holdings to $88.00 in a research note on Thursday, June 12th. Separately, analysts at Goldman Sachs raised their price target on shares of Restoration Hardware Holdings to $88.00 in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $81.27.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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