Koa Wealth Management LLC Lowers Stake in RH (NYSE:RH)

Koa Wealth Management LLC trimmed its position in shares of RH (NYSE:RH) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,714 shares of the company’s stock after selling 399 shares during the period. RH accounts for approximately 2.8% of Koa Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Koa Wealth Management LLC’s holdings in RH were worth $3,430,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RH. Creative Planning increased its stake in shares of RH by 4.2% in the second quarter. Creative Planning now owns 2,426 shares of the company’s stock worth $593,000 after purchasing an additional 97 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in RH in the 2nd quarter valued at approximately $601,000. Handelsbanken Fonder AB raised its holdings in RH by 130.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,596 shares of the company’s stock valued at $2,540,000 after acquiring an additional 4,300 shares during the period. O Keefe Stevens Advisory Inc. purchased a new stake in shares of RH during the third quarter worth $307,000. Finally, CWM LLC boosted its holdings in shares of RH by 47.2% in the third quarter. CWM LLC now owns 468 shares of the company’s stock worth $157,000 after acquiring an additional 150 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on RH shares. Loop Capital increased their price objective on RH from $320.00 to $450.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of RH in a research report on Monday. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Telsey Advisory Group raised shares of RH from a “market perform” rating to an “outperform” rating and raised their price target for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, Robert W. Baird upped their price target on shares of RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $431.60.

Insider Activity at RH

In other news, CAO Christina Hargarten sold 5,280 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $447.20, for a total transaction of $2,361,216.00. Following the completion of the transaction, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at approximately $216,444.80. This represents a 91.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Belling sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $415.00, for a total value of $207,500.00. Following the completion of the sale, the director now directly owns 5,470 shares in the company, valued at $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,880 shares of company stock worth $29,129,879 in the last ninety days. 28.10% of the stock is owned by company insiders.

RH Stock Performance

RH stock opened at $432.88 on Friday. The company has a market capitalization of $8.05 billion, a PE ratio of 124.39, a price-to-earnings-growth ratio of 9.66 and a beta of 2.43. RH has a one year low of $212.43 and a one year high of $457.26. The company’s 50 day moving average price is $404.21 and its two-hundred day moving average price is $335.95.

RH (NYSE:RH) last issued its earnings results on Thursday, December 12th. The company reported $2.48 EPS for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.19). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The business had revenue of $811.73 million during the quarter, compared to analysts’ expectations of $812.19 million. During the same quarter in the previous year, the business earned ($0.42) EPS. RH’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts predict that RH will post 4.37 EPS 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.