RH (NYSE:RH) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its holdings in RH (NYSE:RH) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,314 shares of the company’s stock after selling 101 shares during the quarter. Fulton Bank N.A.’s holdings in RH were worth $517,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Anomaly Capital Management LP lifted its position in shares of RH by 503.6% in the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after buying an additional 291,368 shares during the last quarter. Two Sigma Advisers LP raised its stake in RH by 141.5% during the third quarter. Two Sigma Advisers LP now owns 159,600 shares of the company’s stock worth $53,375,000 after acquiring an additional 93,500 shares during the period. Marshall Wace LLP lifted its holdings in RH by 58.6% in the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in RH by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock valued at $66,239,000 after acquiring an additional 41,242 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of RH by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,834 shares of the company’s stock valued at $61,814,000 after purchasing an additional 38,572 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at RH

In other RH news, Director Keith Belling sold 500 shares of RH stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares of the company’s stock, valued at $2,076,714.50. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $416.27, for a total value of $4,162,700.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,000 shares of company stock valued at $5,286,265. 28.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RH shares. Morgan Stanley raised their price target on RH from $310.00 to $435.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. StockNews.com lowered shares of RH from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. Barclays upgraded shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $383.00 to $515.00 in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of RH in a research report on Monday. Finally, TD Cowen lifted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $415.40.

RH Stock Performance

RH stock opened at $407.20 on Friday. RH has a 1 year low of $212.43 and a 1 year high of $457.26. The firm’s 50 day moving average price is $375.68 and its two-hundred day moving average price is $317.00. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 117.01, a price-to-earnings-growth ratio of 2.73 and a beta of 2.43.

RH (NYSE:RH) last announced its earnings results on Thursday, December 12th. The company reported $2.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 32.76% and a net margin of 2.25%. The company had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same period last year, the firm earned ($0.42) earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts predict that RH will post 5.63 EPS for the current fiscal 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.