Boston, MA 06/17/2013 (wallstreetpr) – The share prices of Restoration Hardware Holdings Inc. (NYSE:RH) had surged by 16.13 percent to close at $68.47 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $66.96 to $70.48 per share for the day, thus pushing the company to hit new peaks. The shares of Restoration Hardware Holdings Inc. (NYSE:RH) had thereby readjusted their 52 week high price level to the new $70.48 per share and the 52 week low price level of the company is at $30.32 per share.
Restoration Hardware Holdings Inc. (NYSE:RH) is primarily engaged in the merchandise offerings of home furnishing spread across a number of categories like furniture, lighting, textile, bath ware, décor, outdoor, garden and baby and child products related to these categories. The company had on Friday released the financial results for the first quarter of fiscal year, 2013 in which Restoration Hardware Holdings Inc. (NYSE:RH) had reported an increase of 38 percent for this quarter compared to the increase of 18 percent for the same quarter of previous year.
Further, the company had reported an increase of store sales by 41 percent compared to the gain of 26 percent in the store sales for the same quarter of previous year. This increase in revenues and sales of Restoration Hardware Holdings Inc. (NYSE:RH) marks consecutive 13th quarter of reporting double digit growth in the company’s performance.
These results for the quarter had surged the shares of the company to record new high level of prices with very heavy trading volumes. Restoration Hardware Holdings Inc. (NYSE:RH) had witnessed the trade of 3.15 million shares on Friday, while the average trading volume of the company is at 511,756 shares per day.
Restoration Hardware Holdings Inc. (NYSE:RH) presently holds 38.11 million shares outstanding in the market with an institutional ownership of 17 percent of its holdings.
