Analysis: Restoration Hardware Holdings (NYSE:RH) Stock Target Increased Today
In analysts note shared with investors and clients by Cowen on Friday morning, the firm, Restoration Hardware Holdings (NYSE:RH), had their Estimated Target Price cut to $105.00. Analusts presently have a solid Outperform rating on the stock.
From a total of 16 analysts covering Restoration Hardware Holdings (NYSE:RH) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 74% of the ratings are positive. The highest target price is $125 while the lowest target price is $98. The mean of all analyst targets is $112.25 with a 29.08% above today’s ($86.77) stock price. Restoration Hardware Holdings was the topic of 7 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on November 20 to “Neutral” rating. Evercore initiated shares with “Hold” rating and $105 target share price in a report from a July 31. Telsey Advisory Group maintained RH stock in a recent report from October 16 with “Outperform” rating. Finally, Zacks downgraded the stock to “Buy” rating in a report issued on a September 1.
Approximately 3.33 million shares of stock traded hands or 220.19% up from the average. Restoration Hardware Holdings Inc (NYSE:RH) has declined 1.89% since May 8, 2015 and is downtrending. It has outperformed by 1.13% the S&P500.
The overall sentiment of institutions has decreased to 1.05 in Q2 2015. Its down 0.16, from 1.21 in 2015Q2. The ratio dived, as 46 institutions have sold all the shares of Restoration Hardware Holdings Inc that they owned while 80 funds have taken shares off the table. 29 funds have purchased shares for the first time while 103 added to their positions. These institutions now hold 45.35 million shares or 1.07% less than the 45.84 million shares they owned in 2015Q2.
The Fund Miura Global Management Llc currently is holding shares equating to 7.03% of its total portfolio in Restoration Hardware Holdings Inc representing a total of 1.38 million shares. Another fund,Shearlink Capital Llc, is holding a total of 168,414 shares equating to 6.91% of their holdings. Additionally, Meru Capital Group Lp has a 165,585 share stake in Restoration Hardware Holdings Inc which represents 4.03% of their total portfolio. The Fund, Ems Capital Lp, based out of New York, has also built up a stake in the stock, which represents a total of 3.85% of their total portfolio. Finally Apex Capital Llc, a fund which is based in the state of California reported a total holdings of 418,350 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Restoration Hardware Holdings Inc have witnessed 0 insider purchases, and a total of 13 sales equating to a net activity of approximately $22.18 million . Alberini Carlos sold 5,000 shares worth approximately $503,256. Boone Karen sold 20,000 shares worth approximately $2.00 million. Chaya Eri sold 15,000 shares worth approximately $1.52M. Dunaj Kenneth J sold 30,000 shares worth approximately $2.84 million.
Restoration Hardware Holdings, Inc. is a holding company. The company has a market cap of $3.48 billion. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and children’s furnishings. It has 36.61 P/E ratio. These products are sold through the Company’s stores, catalogs and Websites.
According to Zacks Investment Research, “Restoration Hardware Holdings, Inc. is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, as well as baby and child products. The Company’s business is integrated across its multiple channels of distribution, consists of its stores, catalogs and Websites. Restoration Hardware Holdings, Inc. is based in Corte Madera, California.” Get a free copy of the Zacks research report on Restoration Hardware Holdings Inc (RH).