Restoration Hardware Holdings Inc. (NYSE:RH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “RH’s shares have gained over 100% year to date, compared to the its industry’s 1.8% growth. The company’s efforts to redesign its supply chain network, rationalize product offerings and the Waterworks acquisition are expected to boost growth. Initiatives like RH Modern, RH Teen, RH Hospitality, the redesign of RH Interiors Source Book and the rollout of Design Ateliers across the company’s retail galleries are expected to drive growth in 2017 and beyond. However, incremental outlet activity dented overall gross margins by approximately 330 basis points in the first half. Also, higher dependence on imports makes it vulnerable to uncertain macro conditions.”

Several other research firms have also recently weighed in on RH. Deutsche Bank AG lifted their price objective on shares of Restoration Hardware Holdings from $66.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Citigroup Inc. cut shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $76.00 in a research report on Monday, July 24th. BidaskClub cut shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Bank of America Corporation reissued an “underperform” rating and set a $44.00 target price (down previously from $54.00) on shares of Restoration Hardware Holdings in a research note on Tuesday, August 22nd. Finally, Telsey Advisory Group lifted their target price on shares of Restoration Hardware Holdings from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $64.22.

Restoration Hardware Holdings (NYSE RH) traded up $1.00 during trading on Wednesday, reaching $88.69. 1,132,100 shares of the company’s stock traded hands, compared to its average volume of 2,005,612. The company has a debt-to-equity ratio of -26.72, a quick ratio of 0.27 and a current ratio of 1.50. The firm has a market capitalization of $1,854.82, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.68. Restoration Hardware Holdings has a 12-month low of $24.41 and a 12-month high of $93.64.

Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The business had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. analysts predict that Restoration Hardware Holdings will post 2.59 EPS for the current fiscal year.

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In other news, CEO Gary G. Friedman acquired 13,959 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $71.64 per share, with a total value of $1,000,022.76. Following the completion of the purchase, the chief executive officer now owns 2,235,410 shares of the company’s stock, valued at $160,144,772.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary G. Friedman bought 14,000 shares of Restoration Hardware Holdings stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $70.94 per share, for a total transaction of $993,160.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,051 shares of the company’s stock, valued at approximately $156,922,897.94. The disclosure for this purchase can be found here. 18.80% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. American International Group Inc. lifted its position in shares of Restoration Hardware Holdings by 0.4% during the fourth quarter. American International Group Inc. now owns 24,470 shares of the company’s stock worth $1,944,000 after purchasing an additional 108 shares in the last quarter. Arizona State Retirement System lifted its holdings in Restoration Hardware Holdings by 1.2% in the third quarter. Arizona State Retirement System now owns 17,000 shares of the company’s stock valued at $588,000 after buying an additional 200 shares during the period. State Treasurer State of Michigan lifted its holdings in Restoration Hardware Holdings by 1.3% in the third quarter. State Treasurer State of Michigan now owns 15,400 shares of the company’s stock valued at $533,000 after buying an additional 200 shares during the period. Texas Permanent School Fund lifted its holdings in Restoration Hardware Holdings by 0.7% in the third quarter. Texas Permanent School Fund now owns 29,078 shares of the company’s stock valued at $1,006,000 after buying an additional 203 shares during the period. Finally, Synovus Financial Corp lifted its holdings in Restoration Hardware Holdings by 1.5% in the fourth quarter. Synovus Financial Corp now owns 15,808 shares of the company’s stock valued at $1,256,000 after buying an additional 230 shares during the period. Institutional investors own 95.71% of the company’s stock.

About Restoration Hardware Holdings

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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