Crossmark Global Holdings Inc. Raises Stake in RH (NYSE:RH)

Crossmark Global Holdings Inc. lifted its holdings in shares of RH (NYSE:RH) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,138 shares of the company’s stock after buying an additional 160 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in RH were worth $380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of RH by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock valued at $231,728,000 after purchasing an additional 62,198 shares during the period. Anomaly Capital Management LP raised its position in RH by 503.6% during 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. Dimensional Fund Advisors LP lifted its stake in shares of RH by 18.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of RH by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in RH by 58.6% during the second quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after purchasing an additional 64,423 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

RH Price Performance

Shares of RH stock opened at $315.70 on Monday. RH has a 1 year low of $212.43 and a 1 year high of $367.00. The business has a 50 day moving average price of $325.01 and a 200 day moving average price of $283.56. The company has a market capitalization of $5.82 billion, a P/E ratio of 185.71, a P/E/G ratio of 1.78 and a beta of 2.43.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million during the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.93 earnings per share. As a group, research analysts expect that RH will post 5.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. TD Cowen lifted their price target on RH from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, September 13th. StockNews.com upgraded RH to a “sell” rating in a research report on Thursday, September 19th. Loop Capital raised their target price on RH from $230.00 to $320.00 and gave the company a “hold” rating in a report on Monday, September 16th. Finally, Morgan Stanley upped their price target on shares of RH from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $326.14.

Insider Buying and Selling at RH

In other RH news, insider Stefan Duban sold 4,285 shares of RH stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the sale, the insider now owns 78 shares in the company, valued at $27,016.86. The trade was a 98.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward T. Lee sold 2,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $353.57, for a total transaction of $707,140.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,285 shares of company stock worth $2,871,935. Corporate insiders own 28.10% of the company’s stock.

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.