Insider Selling: Restoration Hardware Holdings Director Sells 40,000 Shares of Stock (RH)
Restoration Hardware Holdings (NYSE:RH) Director Carlos Alberini sold 40,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $89.47, for a total transaction of $3,578,800.00. Following the sale, the director now directly owns 661,441 shares in the company, valued at approximately $59,179,126. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Restoration Hardware Holdings (NYSE:RH) traded up 1.36% on Thursday, hitting $89.92. The stock had a trading volume of 692,189 shares. Restoration Hardware Holdings has a 52 week low of $54.61 and a 52 week high of $94.50. The stock’s 50-day moving average is $76.13 and its 200-day moving average is $66.68. The company has a market cap of $3.541 billion and a P/E ratio of 182.53.
Restoration Hardware Holdings (NYSE:RH) last released its earnings data on Wednesday, June 11th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue 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.
A number of research firms have recently commented on RH. Analysts at Wells Fargo & Co. initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Restoration Hardware Holdings in a research note on Tuesday. They now have a $100.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $86.13.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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