Koa Wealth Management LLC Grows Position in RH (NYSE:RH)

Key Points

• Koa Wealth Management LLC increased its stake in RH by 19.7% during the first quarter, now holding 10,430 shares valued at approximately $2.45 million.
• Multiple institutional investors have also raised their stakes in RH, with 90.17% of the stock now held by these entities.
• Analysts have varied views on RH, with three rating it as a sell and an average price target of $270.35 among different ratings.

Koa Wealth Management LLC grew its holdings in RH (NYSE:RH - Free Report) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,430 shares of the company's stock after purchasing an additional 1,716 shares during the quarter. RH comprises approximately 2.0% of Koa Wealth Management LLC's portfolio, making the stock its 16th largest holding. Koa Wealth Management LLC owned approximately 0.06% of RH worth $2,445,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RH. Sunbelt Securities Inc. raised its stake in RH by 690.0% during the 4th quarter. Sunbelt Securities Inc. now owns 79 shares of the company's stock valued at $31,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC grew its position in shares of RH by 146.1% in the first quarter. GAMMA Investing LLC now owns 187 shares of the company's stock valued at $44,000 after purchasing an additional 111 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of RH in the first quarter valued at approximately $45,000. Pingora Partners LLC purchased a new position in shares of RH during the fourth quarter valued at approximately $79,000. Finally, Golden State Wealth Management LLC raised its stake in RH by 100.6% during the first quarter. Golden State Wealth Management LLC now owns 347 shares of the company's stock worth $81,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

RH has been the subject of a number of recent research reports. Wells Fargo & Company set a $275.00 price objective on shares of RH in a research note on Friday, June 13th. Robert W. Baird raised their target price on shares of RH from $215.00 to $230.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Zelman & Associates cut their price target on shares of RH from $305.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 9th. UBS Group decreased their price target on shares of RH from $235.00 to $215.00 and set a "neutral" rating for the company in a research note on Thursday, June 5th. Finally, Guggenheim reissued a "buy" rating and issued a $300.00 target price on shares of RH in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, RH has a consensus rating of "Hold" and an average price target of $270.35.

RH Trading Up 10.2%

Shares of RH stock traded up $21.94 during midday trading on Tuesday, reaching $236.86. The company had a trading volume of 1,590,037 shares, compared to its average volume of 1,319,943. The stock has a fifty day simple moving average of $198.21 and a 200 day simple moving average of $233.64. RH has a 1-year low of $123.03 and a 1-year high of $457.26. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 56.40, a price-to-earnings-growth ratio of 0.62 and a beta of 2.16.

RH (NYSE:RH - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.20. The firm had revenue of $813.95 million during the quarter, compared to analysts' expectations of $817.66 million. RH had a net margin of 2.57% and a negative return on equity of 67.71%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.40) earnings per share. Sell-side analysts expect that RH will post 4.39 earnings per share for the current year.

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.