Greatmark Investment Partners Inc. Sells 356 Shares of RH (NYSE:RH)

Greatmark Investment Partners Inc. decreased its stake in RH (NYSE:RH) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,863 shares of the company’s stock after selling 356 shares during the period. RH accounts for approximately 2.4% of Greatmark Investment Partners Inc.’s holdings, making the stock its 15th largest position. Greatmark Investment Partners Inc. owned approximately 0.24% of RH worth $17,658,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in RH by 7,000.0% in the 4th quarter. Versant Capital Management Inc now owns 71 shares of the company’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. lifted its stake in RH by 125.8% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the company’s stock valued at $28,000 after purchasing an additional 39 shares during the last quarter. GAMMA Investing LLC lifted its stake in RH by 533.3% in the 4th 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 last quarter. Rakuten Securities Inc. lifted its stake in RH by 180.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the company’s stock valued at $44,000 after purchasing an additional 72 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in RH in the 4th quarter valued at about $68,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley upgraded shares of RH from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $435.00 to $530.00 in a research report on Monday, January 13th. Stifel Nicolaus raised their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $485.00 to $500.00 in a research report on Thursday, December 19th. Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of RH in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.60.

RH Price Performance

Shares of RH opened at $225.04 on Friday. RH has a one year low of $212.04 and a one year high of $457.26. The company has a market cap of $4.19 billion, a P/E ratio of 64.67, a P/E/G ratio of 2.65 and a beta of 2.50. The firm has a 50 day simple moving average of $371.63 and a two-hundred day simple moving average of $351.94.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.19). RH had a net margin of 2.25% and a negative return on equity of 35.72%. The firm had revenue of $811.73 million for the quarter, compared to analyst estimates of $812.19 million. During the same quarter in the prior 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. On average, analysts expect that RH will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling at RH

In other news, Director Keith Belling sold 500 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the completion of the transaction, the director now directly owns 5,470 shares in the company, valued at approximately $2,270,050. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the transaction, the chief accounting officer now owns 484 shares of the company’s stock, valued at $216,444.80. This trade represents a 91.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,880 shares of company stock worth $29,129,879 over the last three months. 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.