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

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Restoration Hardware Holdings, Inc (NYSE:RH) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 5,166,800 shares, a drop of 10.0% from the May 30th total of 5,737,800 shares. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 27.7% of the company’s shares are sold short.

A number of brokerages recently commented on RH. Goldman Sachs Group raised Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Thursday. Bank of America lowered NIO from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $6.20 to $3.00 in a research note on Tuesday, May 28th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Esperion Therapeutics in a research note on Thursday, June 13th. Cowen reaffirmed a “buy” rating on shares of G1 Therapeutics in a research note on Tuesday, June 18th. Finally, Evercore ISI began coverage on Polarityte in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company has an average 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% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,996 shares of the company’s stock after purchasing an additional 198 shares during the quarter. Mason Street Advisors LLC’s holdings in Restoration Hardware were worth $617,000 as of its most recent SEC filing.

Restoration Hardware stock traded up $1.27 on Friday, hitting $122.25. 498,085 shares of the stock traded hands, compared to its average volume of 814,890. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.29 and a current ratio of 0.81. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.42 and a beta of 1.78. The firm has a fifty day moving average of $105.56. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $162.10.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Wednesday, June 12th. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.54 by $0.31. The business had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. On average, equities analysts forecast that Restoration Hardware will post 9.04 EPS for the current year.

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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