Public Employees Retirement System of Ohio increased its position in shares of Restoration Hardware Holdings Inc. (NYSE:RH) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,286 shares of the company’s stock after buying an additional 255 shares during the period. Public Employees Retirement System of Ohio’s holdings in Restoration Hardware Holdings were worth $106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RH. Sei Investments Co. increased its position in Restoration Hardware Holdings by 36.7% in the first quarter. Sei Investments Co. now owns 2,720 shares of the company’s stock worth $126,000 after buying an additional 730 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Restoration Hardware Holdings during the first quarter worth approximately $155,000. PNC Financial Services Group Inc. increased its position in Restoration Hardware Holdings by 59.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the company’s stock worth $166,000 after buying an additional 1,328 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Restoration Hardware Holdings during the first quarter worth approximately $195,000. Finally, HighTower Advisors LLC bought a new position in Restoration Hardware Holdings during the first quarter worth approximately $204,000.

Restoration Hardware Holdings Inc. (NYSE:RH) traded up 1.47% during trading on Friday, hitting $50.38. The stock had a trading volume of 694,211 shares. The firm has a market cap of $1.67 billion, a PE ratio of 131.88 and a beta of 1.47. Restoration Hardware Holdings Inc. has a 52 week low of $24.41 and a 52 week high of $79.91. The company’s 50-day moving average is $64.28 and its 200 day moving average is $48.90.

Restoration Hardware Holdings (NYSE:RH) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $562.10 million for the quarter, compared to the consensus estimate of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS. Equities analysts expect that Restoration Hardware Holdings Inc. will post $2.14 EPS for the current fiscal year.

Restoration Hardware Holdings announced that its board has initiated a share repurchase plan on Thursday, May 4th that permits the company to buyback $700.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 37.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

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A number of analysts recently issued reports on the stock. UBS AG reissued a “neutral” rating and set a $45.00 target price on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Restoration Hardware Holdings in a research report on Saturday, May 6th. BidaskClub downgraded shares of Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Barclays PLC set a $65.00 target price on shares of Restoration Hardware Holdings and gave the stock a “hold” rating in a research report on Sunday, July 16th. Finally, Buckingham Research raised shares of Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $54.07.

About Restoration Hardware Holdings

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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Institutional Ownership by Quarter for Restoration Hardware Holdings (NYSE:RH)

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