National Bank of Canada FI Sells 152 Shares of RH (NYSE:RH)

National Bank of Canada FI decreased its holdings in RH (NYSE:RH) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,342 shares of the company’s stock after selling 152 shares during the quarter. National Bank of Canada FI owned 0.10% of RH worth $7,219,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RH. Alliancebernstein L.P. increased its position in RH by 1,960.8% in the fourth quarter. Alliancebernstein L.P. now owns 363,698 shares of the company’s stock worth $143,148,000 after buying an additional 346,050 shares in the last quarter. Norges Bank purchased a new stake in RH in the 4th quarter worth approximately $54,314,000. Raymond James Financial Inc. bought a new stake in RH during the 4th quarter worth approximately $52,190,000. American Century Companies Inc. lifted its holdings in RH by 2,227.7% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $41,603,000 after purchasing an additional 101,160 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of RH in the fourth quarter worth approximately $35,175,000. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RH shares. Guggenheim lowered their target price on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. Robert W. Baird lowered their price objective on RH from $400.00 to $215.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays dropped their price objective on RH from $515.00 to $436.00 and set an “overweight” rating for the company in a research note on Thursday. UBS Group decreased their target price on RH from $250.00 to $235.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on RH from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $293.81.

Insider Buying and Selling

In other RH news, insider Eri Chaya sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward T. Lee sold 600 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $446.73, for a total transaction of $268,038.00. The disclosure for this sale can be found here. Insiders have sold 55,880 shares of company stock valued at $24,550,754 in the last ninety days. 28.10% of the stock is owned by company insiders.

RH Stock Performance

NYSE:RH opened at $145.37 on Monday. The firm has a market capitalization of $2.70 billion, a PE ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The stock’s fifty day moving average is $312.06 and its 200 day moving average is $348.44. RH has a fifty-two week low of $123.03 and a fifty-two week high of $457.26.

RH (NYSE:RH) last posted its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The firm had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Equities analysts forecast that RH will post 4.39 EPS for the current year.

RH Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.