Fulton Bank N.A. Sells 619 Shares of RH (NYSE:RH)

Fulton Bank N.A. trimmed its holdings in RH (NYSE:RH) by 30.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,415 shares of the company’s stock after selling 619 shares during the quarter. Fulton Bank N.A.’s holdings in RH were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creekmur Asset Management LLC acquired a new position in RH during the 4th quarter valued at $25,000. Hollencrest Capital Management acquired a new position in shares of RH during the first quarter valued at about $47,000. Ridgewood Investments LLC bought a new stake in shares of RH in the second quarter valued at about $62,000. Nisa Investment Advisors LLC grew its position in RH by 16.3% during the second quarter. Nisa Investment Advisors LLC now owns 712 shares of the company’s stock worth $174,000 after buying an additional 100 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in RH during the first quarter valued at about $179,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

RH Price Performance

NYSE RH opened at $322.08 on Wednesday. The stock’s 50 day simple moving average is $286.72 and its 200 day simple moving average is $272.59. RH has a one year low of $207.26 and a one year high of $354.86. The firm has a market cap of $5.94 billion, a PE ratio of 89.22, a price-to-earnings-growth ratio of 1.91 and a beta of 2.43.

RH (NYSE:RH) last announced its earnings results on Thursday, September 12th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.56 by $0.13. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The company had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the prior year, the business earned $3.93 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts expect that RH will post 5.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Loop Capital lifted their price objective on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a report on Monday, September 16th. Wedbush boosted their price target on shares of RH from $250.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, September 13th. Wells Fargo & Company increased their price objective on shares of RH from $325.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. StockNews.com upgraded shares of RH to a “sell” rating in a research report on Thursday, September 19th. Finally, Bank of America increased their price target on shares of RH from $310.00 to $359.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $322.54.

Insiders Place Their Bets

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $340.30, for a total transaction of $680,600.00. Following the sale, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stefan Duban sold 4,285 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at approximately $27,016.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.