Greatmark Investment Partners Inc. Increases Stock Position in RH $RH

Key Points

• Greatmark Investment Partners Inc. increased its stake in RH by 52.1% during the second quarter, now holding 74,603 shares valued at approximately $14.1 million.
• RH's stock has recently seen mixed ratings from analysts, with a consensus rating of "Hold" and a target price averaging $259.29.
• The company's recent earnings report showed a net margin of 3.20%, with revenue of $899.15 million, falling short of expectations, and a forecast for 4.39 earnings per share for the current year.

Greatmark Investment Partners Inc. grew its stake in RH (NYSE:RH - Free Report) by 52.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 74,603 shares of the company's stock after acquiring an additional 25,539 shares during the period. RH comprises 1.8% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its 20th biggest holding. Greatmark Investment Partners Inc. owned approximately 0.40% of RH worth $14,101,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of RH during the 2nd quarter worth approximately $865,000. Carmel Capital Partners LLC lifted its stake in RH by 7.2% during the second quarter. Carmel Capital Partners LLC now owns 5,721 shares of the company's stock worth $1,081,000 after purchasing an additional 385 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of RH by 130.9% during the second quarter. WCM Investment Management LLC now owns 105,730 shares of the company's stock worth $20,176,000 after buying an additional 59,941 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of RH in the second quarter valued at $1,712,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of RH by 103.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,426 shares of the company's stock valued at $459,000 after buying an additional 1,234 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on RH from $275.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Barclays dropped their price objective on shares of RH from $436.00 to $385.00 and set an "overweight" rating for the company in a report on Friday, September 12th. William Blair downgraded shares of RH from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 2nd. Zacks Research cut RH from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. Finally, Citigroup increased their price objective on shares of RH from $200.00 to $233.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $259.29.

Insiders Place Their Bets

In related news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $236.13, for a total value of $472,260.00. Following the completion of the transaction, the director owned 24,616 shares in the company, valued at $5,812,576.08. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 27.00% of the company's stock.

RH Stock Performance

Shares of RH stock opened at $185.55 on Wednesday. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The business's fifty day moving average is $214.49 and its 200-day moving average is $199.78. The stock has a market cap of $3.48 billion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 0.85 and a beta of 2.23.

RH (NYSE:RH - Get Free Report) last announced its earnings results on Thursday, September 11th. The company reported $2.93 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.29). RH had a net margin of 3.20% and a negative return on equity of 113.58%. The firm had revenue of $899.15 million for the quarter, compared to the consensus estimate of $906.58 million. During the same period in the prior year, the business earned $1.69 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. RH has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that RH will post 4.39 earnings per share for the current 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.

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