Insider Selling: Carlos Alberini Sells 40,000 Shares of Restoration Hardware Holdings Stock (RH)
Restoration Hardware Holdings (NYSE:RH) Director Carlos Alberini sold 40,000 shares of Restoration Hardware Holdings stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $85.34, for a total transaction of $3,413,600.00. Following the completion of the sale, the director now directly owns 621,441 shares of the company’s stock, valued at approximately $53,033,775. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Restoration Hardware Holdings (NYSE:RH) traded down 4.57% on Thursday, hitting $82.77. 1,332,946 shares of the company’s stock traded hands. Restoration Hardware Holdings has a 1-year low of $54.61 and a 1-year high of $94.50. The stock’s 50-day moving average is $81.54 and its 200-day moving average is $68.01. The company has a market cap of $3.259 billion and a price-to-earnings ratio of 178.46.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. Restoration Hardware Holdings’s revenue was up 21.6% compared to the same quarter last year. 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 Nomura initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Restoration Hardware Holdings in a research note on Tuesday, July 1st. They set a “market perform” rating on the stock. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Restoration Hardware Holdings in a research note on Tuesday, July 1st. They now have a $100.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.86.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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