13,822 Shares in RH (NYSE:RH) Acquired by Bank of Nova Scotia

Bank of Nova Scotia purchased a new position in shares of RH (NYSE:RH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,822 shares of the company's stock, valued at approximately $5,440,000. Bank of Nova Scotia owned about 0.07% of RH as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of RH by 7,000.0% during the fourth quarter. Versant Capital Management Inc now owns 71 shares of the company's stock valued at $28,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. grew its stake in shares of RH by 125.8% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after purchasing an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of RH by 533.3% during the fourth quarter. GAMMA Investing LLC now owns 76 shares of the company's stock valued at $30,000 after purchasing an additional 64 shares during the period. Rakuten Securities Inc. lifted its stake in shares of RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company's stock worth $44,000 after acquiring an additional 72 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in shares of RH during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 90.17% of the company's stock.

RH Stock Performance

Shares of NYSE RH traded down $4.03 during midday trading on Tuesday, reaching $159.76. 1,046,366 shares of the company traded hands, compared to its average volume of 914,188. The firm has a market cap of $2.99 billion, a PE ratio of 45.91, a PEG ratio of 2.65 and a beta of 2.44. RH has a 12 month low of $123.03 and a 12 month high of $457.26. The stock's 50-day simple moving average is $272.33 and its 200-day simple moving average is $338.60.

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RH (NYSE:RH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 2nd. The company reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.33). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business had revenue of $812.41 million during the quarter, compared to the consensus estimate of $828.21 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that RH will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on RH from $530.00 to $300.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. UBS Group dropped their target price on shares of RH from $250.00 to $235.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Guggenheim reduced their target price on shares of RH from $500.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group set a $276.00 target price on RH in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of RH from $510.00 to $250.00 and set an "overweight" rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, RH presently has an average rating of "Hold" and a consensus target price of $278.44.

Insider Transactions at RH

In other RH news, insider Eri Chaya sold 25,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction of $11,261,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward T. Lee sold 600 shares of RH stock in a transaction that occurred on Friday, January 17th. The stock was 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. Over the last three months, insiders have sold 30,880 shares of company stock worth $13,890,504. Corporate insiders own 28.10% of the company's stock.

RH Company 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.