Koa Wealth Management LLC Trims Holdings in RH (NYSE:RH)

Koa Wealth Management LLC lowered its position in shares of RH (NYSE:RH) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,113 shares of the company’s stock after selling 399 shares during the quarter. RH accounts for about 2.4% of Koa Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Koa Wealth Management LLC’s holdings in RH were worth $3,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp lifted its holdings in RH by 25.3% in the 2nd quarter. Texas Permanent School Fund Corp now owns 16,765 shares of the company’s stock worth $4,098,000 after purchasing an additional 3,387 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of RH by 116.2% in the second quarter. First Hawaiian Bank now owns 5,718 shares of the company’s stock worth $1,398,000 after buying an additional 3,073 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of RH during the third quarter worth $3,251,000. Sei Investments Co. grew its stake in RH by 25.4% during the first quarter. Sei Investments Co. now owns 23,951 shares of the company’s stock valued at $8,341,000 after acquiring an additional 4,847 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in RH by 1,304.4% during the first quarter. Tidal Investments LLC now owns 14,227 shares of the company’s stock valued at $4,955,000 after acquiring an additional 13,214 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Trading Down 2.3 %

RH stock opened at $315.48 on Friday. The firm has a market capitalization of $5.82 billion, a PE ratio of 185.58, a price-to-earnings-growth ratio of 1.84 and a beta of 2.43. RH has a 12-month low of $212.43 and a 12-month high of $367.00. The firm has a 50-day moving average price of $323.66 and a 200-day moving average price of $282.89.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.13. The business had revenue of $829.66 million during the quarter, compared to the consensus estimate of $824.52 million. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.93 earnings per share. As a group, sell-side analysts predict that RH will post 5.67 earnings per share for the current fiscal year.

Insider Activity at RH

In related news, insider Stefan Duban sold 4,285 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 78 shares of the company’s stock, valued at $27,016.86. This represents a 98.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward T. Lee sold 2,000 shares of RH stock in a transaction on Friday, October 18th. The shares were sold at an average price of $353.57, for a total value of $707,140.00. The disclosure for this sale can be found here. Insiders sold a total of 8,285 shares of company stock worth $2,871,935 in the last quarter. 28.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on RH. JPMorgan Chase & Co. decreased their price target on shares of RH from $345.00 to $338.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Telsey Advisory Group reiterated a “market perform” rating and issued a $290.00 target price on shares of RH in a research report on Tuesday, September 10th. Robert W. Baird increased their price target on RH from $275.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, September 13th. BNP Paribas reaffirmed an “underperform” rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday. Finally, Stifel Nicolaus increased their target price on RH from $315.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $326.14.

About RH

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.