Traders Purchase Large Volume of Call Options on Restoration Hardware (NYSE:RH)

Restoration Hardware Holdings, Inc (NYSE:RH) saw unusually large options trading activity on Thursday. Stock investors purchased 12,090 call options on the stock. This represents an increase of 1,060% compared to the typical volume of 1,042 call options.

RH stock traded down $4.12 during trading on Friday, hitting $107.42. 1,635,949 shares of the stock traded hands, compared to its average volume of 2,421,343. Restoration Hardware has a 1 year low of $85.25 and a 1 year high of $164.49. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.16 and a current ratio of 0.74.

Restoration Hardware (NYSE:RH) last announced its quarterly earnings data on Thursday, March 28th. The company reported $3.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.83 by $0.17. The company had revenue of $671.00 million for the quarter, compared to the consensus estimate of $686.44 million. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. Restoration Hardware’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 EPS. As a group, research analysts predict that Restoration Hardware will post 8.4 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Restoration Hardware stock. Boston Advisors LLC grew its stake in shares of Restoration Hardware Holdings, Inc (NYSE:RH) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,103 shares of the company’s stock after acquiring an additional 3,945 shares during the quarter. Boston Advisors LLC owned about 0.16% of Restoration Hardware worth $4,087,000 as of its most recent SEC filing.

Several research analysts recently issued reports on the stock. Cowen reiterated a “market perform” rating and issued a $120.00 price target (down from $150.00) on shares of Restoration Hardware in a research note on Friday, March 29th. Zacks Investment Research lowered shares of Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Wolfe Research lowered shares of Restoration Hardware from an “outperform” rating to a “market perform” rating in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $160.00 price target on shares of Restoration Hardware in a research note on Friday, March 29th. Finally, Wells Fargo & Co decreased their price target on shares of Restoration Hardware from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, March 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. Restoration Hardware has a consensus rating of “Hold” and an average target price of $145.56.

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About Restoration Hardware

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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