Insider Selling: Restoration Hardware Holdings Director Unloads 40,000 Shares of Stock (RH)

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Restoration Hardware Holdings (NYSE:RH) Director Carlos Alberini sold 40,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $82.34, for a total value of $3,293,600.00. Following the completion of the sale, the director now directly owns 581,441 shares in the company, valued at approximately $47,875,852. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Restoration Hardware Holdings (NYSE:RH) opened at 82.14 on Friday. Restoration Hardware Holdings has a one year low of $54.61 and a one year high of $94.50. The stock’s 50-day moving average is $86.56 and its 200-day moving average is $69.49. The company has a market cap of $3.234 billion and a P/E ratio of 168.29.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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.

RH has been the subject of a number of recent research reports. 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. Separately, analysts at Nomura initiated coverage on shares of Restoration Hardware Holdings in a research note on Wednesday, July 16th. They set a “buy” rating and a $100.00 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $89.99.

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

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