Koa Wealth Management LLC Sells 399 Shares of RH (NYSE:RH)

Koa Wealth Management LLC decreased its position in RH (NYSE:RH) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,113 shares of the company’s stock after selling 399 shares during the period. RH comprises approximately 2.4% of Koa Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Koa Wealth Management LLC’s holdings in RH were worth $3,048,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its holdings in RH by 4.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 747 shares of the company’s stock worth $250,000 after buying an additional 35 shares during the period. Janus Henderson Group PLC raised its stake in RH by 0.4% in the first quarter. Janus Henderson Group PLC now owns 8,580 shares of the company’s stock worth $2,986,000 after buying an additional 38 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in RH by 1.7% in the second quarter. Pacer Advisors Inc. now owns 2,340 shares of the company’s stock worth $572,000 after buying an additional 40 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in RH by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,212 shares of the company’s stock valued at $296,000 after acquiring an additional 47 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of RH by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,733 shares of the company’s stock worth $579,000 after acquiring an additional 60 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other RH news, Director Mark S. Demilio sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total transaction of $680,600.00. Following the completion of the sale, the director now directly owns 10,914 shares in the company, valued at $3,714,034.20. The trade was a 15.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $1,484,195.45. Following the completion of the transaction, the insider now owns 78 shares in the company, valued at $27,016.86. This trade represents a 98.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,285 shares of company stock worth $2,871,935. 28.10% of the stock is owned by insiders.

RH Trading Down 2.3 %

Shares of RH opened at $315.48 on Friday. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 185.58, a P/E/G 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 business’s fifty day simple moving average is $323.66 and its two-hundred day simple moving average is $282.89.

RH (NYSE:RH) last posted its earnings results on Thursday, September 12th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.13. RH had a net margin of 1.13% and a negative return on equity of 11.29%. The business had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. During the same quarter in the prior year, the business earned $3.93 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that RH will post 5.67 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on RH. JPMorgan Chase & Co. lowered their target price on RH from $345.00 to $338.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Barclays dropped their target price on shares of RH from $340.00 to $320.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. TD Cowen increased their price target on shares of RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. BNP Paribas reissued an “underperform” rating and set a $253.00 price target on shares of RH in a research report on Wednesday. Finally, Wedbush upgraded shares of RH from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $310.00 to $430.00 in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $326.14.

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.