Restoration Hardware Holdings, Inc (NYSE:RH) Sees Large Growth in Short Interest

Restoration Hardware Holdings, Inc (NYSE:RH) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 5,737,800 shares, a growth of 12.1% from the May 15th total of 5,116,800 shares. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is currently 3.9 days. Approximately 30.8% of the shares of the company are sold short.

Shares of NYSE:RH traded down $1.59 during trading on Friday, reaching $124.81. The company’s stock had a trading volume of 411,884 shares, compared to its average volume of 665,143. The company has a quick ratio of 0.29, a current ratio of 0.81 and a debt-to-equity ratio of 26.22. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $162.10. The company’s 50 day moving average price is $110.51. The stock has a market cap of $2.32 billion, a PE ratio of 14.61, a PEG ratio of 1.48 and a beta of 1.78.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.31. The company had revenue of $598.42 million for the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a net margin of 6.22% and a negative return on equity of 979.13%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. On average, equities analysts predict that Restoration Hardware will post 9.03 EPS for the current fiscal year.

Several research firms have recently commented on RH. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, July 11th. Zacks Investment Research downgraded shares of First Bancorp from a “buy” rating to a “hold” rating in a report on Friday, June 14th. Bank of America downgraded shares of NIO from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $6.20 to $3.00 in a report on Tuesday, May 28th. Finally, Gordon Haskett raised shares of Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 target price for the company in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. Restoration Hardware presently has a consensus rating of “Hold” and an average price target of $138.03.

An institutional investor recently raised its position in Restoration Hardware stock. Mason Street Advisors LLC increased its holdings in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 3.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,996 shares of the company’s stock after purchasing an additional 198 shares during the period. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 as of its most recent SEC filing.

Restoration Hardware Company Profile

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.

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