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Restoration Hardware Holdings (NYSE:RH)’s share price fell 2.9% during trading on Thursday following insider selling activity, Analyst Ratings Network.com reports. The stock traded as low as $81.48 and last traded at $85.15, with a volume of 1,876,213 shares trading hands. The stock had previously closed at $87.67.

Specifically, Director Carlos Alberini unloaded 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $87.64, for a total value of $3,505,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Restoration Hardware Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $96.50 price target on the stock. Separately, analysts at Avondale Partners initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday, August 6th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, analysts at BB&T Corp. downgraded shares of Restoration Hardware Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $92.81.

The stock’s 50-day moving average is $84.88 and its 200-day moving average is $73.04. The company has a market cap of $3.340 billion and a price-to-earnings ratio of 180.39.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results 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.

Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.

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