Koa Wealth Management LLC Acquires 534 Shares of RH (NYSE:RH)

Koa Wealth Management LLC grew its holdings in RH (NYSE:RH) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,512 shares of the company’s stock after purchasing an additional 534 shares during the quarter. RH comprises about 2.0% of Koa Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Koa Wealth Management LLC owned 0.05% of RH worth $2,325,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in RH. Creekmur Asset Management LLC acquired a new position in RH during the 4th quarter worth about $25,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of RH during the fourth quarter worth approximately $35,000. Quest Partners LLC bought a new stake in shares of RH during the fourth quarter valued at approximately $37,000. Hollencrest Capital Management acquired a new stake in shares of RH in the first quarter valued at approximately $47,000. Finally, Tradition Wealth Management LLC raised its position in RH by 14.8% in the 4th quarter. Tradition Wealth Management LLC now owns 350 shares of the company’s stock worth $102,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 3.9 %

RH stock traded down $10.77 during mid-day trading on Thursday, hitting $262.87. 568,286 shares of the company’s stock were exchanged, compared to its average volume of 709,467. The company’s 50 day simple moving average is $254.08 and its 200-day simple moving average is $266.49. The firm has a market capitalization of $4.85 billion, a P/E ratio of 73.56, a PEG ratio of 1.06 and a beta of 2.42. RH has a fifty-two week low of $207.26 and a fifty-two week high of $388.48.

RH (NYSE:RH) last released its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The business had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. During the same period in the prior year, the business earned $2.21 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Research analysts expect that RH will post 7.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on RH shares. Wedbush decreased their price objective on RH from $320.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Telsey Advisory Group lowered their price objective on RH from $320.00 to $290.00 and set a “market perform” rating for the company in a research report on Friday, June 14th. TD Cowen cut their target price on shares of RH from $350.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Loop Capital lowered their price target on shares of RH from $350.00 to $230.00 and set a “hold” rating for the company in a research report on Monday, June 17th. Finally, BNP Paribas raised shares of RH to a “hold” rating in a research note on Friday, June 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $310.79.

Insider Buying and Selling at RH

In related news, CEO Gary G. Friedman acquired 34,200 shares of the stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, with a total value of $7,353,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,339,263 shares of the company’s stock, valued at $717,941,545. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 28.10% of the company’s stock.

RH Company 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.