Crossmark Global Holdings Inc. Purchases Shares of RH (NYSE:RH)

3 min read | January 27, 2025 01:01 AM PST | By Team Kalkine Media

Crossmark Global Holdings Inc. Purchases Shares of RH (NYSE:RH)

Investment Activity Overview

Crossmark Global Holdings Inc. adjusted its holdings in RH (NYSE:RH) by increasing its position by 5.9% in the fourth quarter. The move is documented in the latest Form 13F filing with the Securities and Exchange Commission. As a result of this raise, Crossmark Global Holdings now owns 1,205 shares of the company's stock, which were valued at $474,000 by the end of the last quarter.

Broader Institutional Movements

Several other significant investors have adjusted their stakes in RH recently. Koshinski Asset Management Inc. initiated a new position valued at approximately $227,000, while UMB Bank n.a. expanded its holdings by 125.8%. Newly acquired stakes have been established by Lincoln Capital LLC and Artemis Investment Management LLP, valued at around $219,000 and $31,384,000, respectively. Notably, Shelton Wealth Management LLC also established a new position worth about $1,695,000. It is important to note that institutional investors and hedge funds collectively own 90.17% of the company's stock.

Stock Performance and Market Metrics

The current performance of RH's stock is notable. As of the latest market open, RH stock was priced at $417.62. Over a year, the stock had a low of $212.43 and a high of $457.26. The company's 50-day simple moving average stands at $398.66, and its 200-day simple moving average is $333.28. RH’s market capitalization is approximately $7.77 billion, with a P/E ratio of 120.01 and a beta of 2.43. Despite experiencing annual revenue growth of 8.1%, the company's latest earnings report fell short of market expectations, with reported EPS lower than consensus estimates.

Insider Transactions

Recent insider activities have revealed notable transactions, including the sale of shares by key figures within the company. Edward T. Lee sold 600 shares for a total of $268,038, while Director Keith Belling sold 500 shares, resulting in a significant reduction in his stake. Overall, insiders have sold a total of 66,880 shares valued at approximately $29 million in the past three months, accounting for a significant turnover within the insider holdings.

Company Overview

RH operates as a prominent retailer in the home furnishings sector, offering a wide range of products from furniture to outdoor and garden items. The company reaches its customers via several online platforms and operates multiple physical outlets and showrooms across various regions including the United States, Canada, the United Kingdom, and Germany.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.