Cheyne Capital Management UK LLP raised its position in Restoration Hardware Holdings Inc. (NYSE:RH) by 37.4% during the second quarter, Holdings Channel reports. The firm owned 56,000 shares of the company’s stock after buying an additional 15,250 shares during the period. Restoration Hardware Holdings accounts for approximately 1.3% of Cheyne Capital Management UK LLP’s holdings, making the stock its 9th largest position. Cheyne Capital Management UK LLP’s holdings in Restoration Hardware Holdings were worth $1,606,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Financial Architects Inc raised its stake in shares of Restoration Hardware Holdings by 51.4% in the second quarter. Financial Architects Inc now owns 7,655 shares of the company’s stock worth $220,000 after buying an additional 2,600 shares during the last quarter. Adell Harriman & Carpenter Inc. purchased a new stake in shares of Restoration Hardware Holdings during the first quarter worth $258,000. Louisiana State Employees Retirement System purchased a new stake in shares of Restoration Hardware Holdings during the second quarter worth $287,000. Legal & General Group Plc raised its stake in shares of Restoration Hardware Holdings by 17.8% in the first quarter. Legal & General Group Plc now owns 7,354 shares of the company’s stock worth $308,000 after buying an additional 1,109 shares during the last quarter. Finally, Wealthsource Partners LLC purchased a new stake in shares of Restoration Hardware Holdings during the first quarter worth $337,000. Institutional investors own 98.58% of the company’s stock.
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) traded up 4.60% on Friday, reaching $34.58. 3,209,571 shares of the company’s stock traded hands. Restoration Hardware Holdings Inc. has a 52 week low of $24.75 and a 52 week high of $106.49. The stock has a market capitalization of $1.41 billion, a PE ratio of 30.07 and a beta of 1.43. The company has a 50 day moving average of $33.52 and a 200-day moving average of $34.27.
Restoration Hardware Holdings (NYSE:RH) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.15. The firm had revenue of $543.40 million for the quarter, compared to analysts’ expectations of $511.80 million. Restoration Hardware Holdings had a net margin of 2.18% and a return on equity of 9.47%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Equities research analysts forecast that Restoration Hardware Holdings Inc. will post $1.65 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the stock. Vetr upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $29.25 price objective on the stock in a report on Monday, July 18th. Telsey Advisory Group raised their price objective on shares of Restoration Hardware Holdings from $35.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, September 9th. Longbow Research lowered shares of Restoration Hardware Holdings from a “buy” rating to a “neutral” rating in a report on Thursday, June 9th. Barclays PLC restated a “hold” rating and issued a $50.00 price objective on shares of Restoration Hardware Holdings in a report on Friday, June 10th. Finally, Cowen and Company reduced their price objective on shares of Restoration Hardware Holdings to $35.00 in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average price target of $47.03.
In other Restoration Hardware Holdings news, CEO Gary G. Friedman bought 32,918 shares of the company’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of $27.59 per share, with a total value of $908,207.62. Following the completion of the acquisition, the chief executive officer now owns 2,207,451 shares of the company’s stock, valued at $60,903,573.09. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 16.40% of the stock is currently owned by corporate insiders.
Restoration Hardware Holdings Company Profile
Restoration Hardware Holdings, Inc (RH) is a luxury retailer in the home furnishings marketplace. The Company offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings. RH classifies its sales into furniture, including both indoor and outdoor furniture, and non-furniture, including lighting, textiles, accessories and home decor, product lines.
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