RH (NYSE:RH) Stake Lessened by Koa Wealth Management LLC

Koa Wealth Management LLC cut its stake in RH (NYSE:RH) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 position. Koa Wealth Management LLC’s holdings in RH were worth $3,430,000 at the end of the most recent reporting period.

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

Insider Transactions at RH

In other news, Director Keith Belling sold 500 shares of RH stock in a transaction on Monday, January 6th. The shares were sold at an average price of $417.85, for a total transaction of $208,925.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $2,076,714.50. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total value of $11,261,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock worth $29,129,879 in the last ninety days. Insiders own 28.10% of the company’s stock.

RH Stock Up 2.6 %

Shares of NYSE RH opened at $432.88 on Friday. The firm’s 50-day moving average price is $404.21 and its 200-day moving average price is $335.95. RH has a 52-week low of $212.43 and a 52-week high of $457.26. The company has a market cap of $8.05 billion, a PE ratio of 124.39, a PEG ratio of 9.66 and a beta of 2.43.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on RH shares. Barclays raised shares of RH from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $383.00 to $515.00 in a research report on Wednesday, January 8th. Guggenheim boosted their price target on RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price objective on RH from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley raised RH from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $435.00 to $530.00 in a report on Monday, January 13th. Finally, Stifel Nicolaus raised their price target on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $431.60.

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.