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

National Bank of Canada FI lessened its stake in RH (NYSE:RH) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,342 shares of the company’s stock after selling 152 shares during the period. National Bank of Canada FI’s holdings in RH were worth $7,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in RH during the 3rd quarter worth approximately $4,268,000. Invst LLC acquired a new stake in shares of RH in the third quarter valued at approximately $752,000. Victory Capital Management Inc. raised its stake in RH by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 50,684 shares of the company’s stock worth $19,949,000 after purchasing an additional 445 shares during the period. L.M. Kohn & Company purchased a new position in shares of RH during the 4th quarter worth $289,000. Finally, Blankinship & Foster LLC purchased a new stake in shares of RH in the 3rd quarter valued at approximately $846,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on RH. Barclays lowered their target price on RH from $515.00 to $436.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America cut RH from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $410.00 to $130.00 in a research report on Thursday. Loop Capital cut their price target on shares of RH from $450.00 to $190.00 and set a “hold” rating on the stock in a research note on Friday. Telsey Advisory Group reduced their target price on RH from $420.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Wedbush dropped their price target on RH from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $293.81.

RH Stock Performance

Shares of RH stock opened at $145.37 on Monday. The company has a market cap of $2.70 billion, a P/E ratio of 41.77, a PEG ratio of 2.65 and a beta of 2.44. The firm has a fifty day moving average of $312.06 and a two-hundred day moving average of $348.44. RH has a one year low of $123.03 and a one year high of $457.26.

RH (NYSE:RH) last announced 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 business had revenue of $812.41 million during the quarter, compared to analysts’ expectations of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. As a group, equities analysts predict that RH will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Edward T. Lee sold 600 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $446.73, for a total value of $268,038.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of RH 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 55,880 shares of company stock worth $24,550,754. 28.10% of the stock is owned by corporate insiders.

About RH

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.