Restoration Hardware (NYSE:RH) Stock Price Down 5.5% Following Insider Selling

Restoration Hardware Holdings, Inc (NYSE:RH)’s stock price traded down 5.5% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $218.67 and last traded at $220.50, 2,622,706 shares changed hands during mid-day trading. An increase of 147% from the average session volume of 1,062,169 shares. The stock had previously closed at $233.21.

Specifically, Director Keith Belling sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $182.47, for a total value of $729,880.00. Following the completion of the sale, the director now directly owns 16,646 shares of the company’s stock, valued at $3,037,395.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary G. Friedman sold 179,636 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $231.91, for a total value of $41,659,384.76. Following the completion of the sale, the chief executive officer now directly owns 2,032,968 shares of the company’s stock, valued at $471,465,608.88. The disclosure for this sale can be found here. Insiders sold 425,078 shares of company stock valued at $96,553,594 over the last three months. Corporate insiders own 36.40% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Co increased their price objective on Restoration Hardware from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Loop Capital downgraded Restoration Hardware from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. ValuEngine raised Restoration Hardware from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Telsey Advisory Group increased their price objective on Restoration Hardware from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price objective on Restoration Hardware from $202.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $189.58.

The company has a fifty day moving average of $196.07 and a two-hundred day moving average of $152.32. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.14 and a beta of 1.81.

Restoration Hardware (NYSE:RH) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $2.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.57. Restoration Hardware had a negative return on equity of 201.80% and a net margin of 7.09%. The firm had revenue of $676.70 million during the quarter, compared to the consensus estimate of $676.54 million. During the same period last year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts anticipate that Restoration Hardware Holdings, Inc will post 11.56 EPS for the current year.

An institutional investor recently bought a new position in Restoration Hardware stock. Tiverton Asset Management LLC bought a new stake in Restoration Hardware Holdings, Inc (NYSE:RH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 487 shares of the company’s stock, valued at approximately $56,000.

Restoration Hardware Company Profile (NYSE:RH)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

See Also: Investing strategies using the yield curve

Receive News & Ratings for Restoration Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Restoration Hardware and related companies with MarketBeat.com's FREE daily email newsletter.