Fulton Bank N.A. Boosts Holdings in RH (NYSE:RH)

Fulton Bank N.A. boosted its position in shares of RH (NYSE:RH) by 32.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,804 shares of the company’s stock after acquiring an additional 439 shares during the period. Fulton Bank N.A.’s holdings in RH were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of RH in the fourth quarter worth $1,246,000. Moody National Bank Trust Division purchased a new position in shares of RH in the fourth quarter worth $1,043,000. Xcel Wealth Management LLC raised its holdings in shares of RH by 6.9% in the fourth quarter. Xcel Wealth Management LLC now owns 95,373 shares of the company’s stock worth $27,799,000 after buying an additional 6,165 shares during the last quarter. Locust Wood Capital Advisers LLC raised its holdings in shares of RH by 190.9% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 87,408 shares of the company’s stock worth $25,478,000 after buying an additional 57,362 shares during the last quarter. Finally, Findell Capital Management LLC acquired a new stake in shares of RH in the fourth quarter worth $5,247,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Stock Down 1.2 %

Shares of NYSE RH traded down $2.71 during trading on Thursday, hitting $217.80. The company had a trading volume of 1,241,767 shares, compared to its average volume of 719,643. The stock has a fifty day simple moving average of $261.72 and a two-hundred day simple moving average of $272.89. RH has a fifty-two week low of $207.26 and a fifty-two week high of $406.38. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 60.33, a price-to-earnings-growth ratio of 0.81 and a beta of 2.51.

RH (NYSE:RH) last announced its earnings results on Thursday, June 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a net margin of 2.72% and a negative return on equity of 29.15%. The company had revenue of $726.96 million during the quarter, compared to analyst estimates of $725.15 million. During the same quarter last year, the business earned $2.21 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts anticipate that RH will post 8.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RH. Telsey Advisory Group cut their price objective on shares of RH from $320.00 to $290.00 and set a “market perform” rating on the stock in a research note on Friday, June 14th. Barclays increased their price objective on shares of RH from $293.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Monday, April 1st. TD Cowen cut their price objective on shares of RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. increased their price objective on shares of RH from $329.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird cut their price objective on shares of RH from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, RH presently has an average rating of “Hold” and an average target price of $310.46.

Insider Activity

In other news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the sale, the director now owns 12,991 shares in the company, valued at $4,004,086.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Mark S. Demilio sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $308.22, for a total value of $616,440.00. Following the transaction, the director now directly owns 12,991 shares of the company’s stock, valued at $4,004,086.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eri Chaya sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $279.92, for a total transaction of $27,992,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 103,000 shares of company stock worth $28,897,430 over the last 90 days. 28.10% of the stock is currently owned by company insiders.

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.