Legato Capital Management LLC Has $1.44 Million Stock Position in RH (NYSE:RH)

Legato Capital Management LLC raised its position in RH (NYSE:RH) by 217.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,655 shares of the company’s stock after acquiring an additional 2,505 shares during the period. Legato Capital Management LLC’s holdings in RH were worth $1,439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its holdings in shares of RH by 47.2% during the third quarter. CWM LLC now owns 468 shares of the company’s stock valued at $157,000 after buying an additional 150 shares during the last quarter. Blue Trust Inc. lifted its position in RH by 308.3% in the 3rd quarter. Blue Trust Inc. now owns 98 shares of the company’s stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Raymond James & Associates boosted its stake in RH by 1.7% during the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock valued at $4,375,000 after purchasing an additional 219 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after purchasing an additional 18,563 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its holdings in RH by 27.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 7,459 shares of the company’s stock worth $2,495,000 after purchasing an additional 1,622 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

RH Stock Down 2.6 %

Shares of RH stock opened at $374.47 on Thursday. The firm has a market cap of $6.97 billion, a P/E ratio of 107.61, a PEG ratio of 3.02 and a beta of 2.42. The company has a 50 day moving average of $409.51 and a 200-day moving average of $345.04. RH has a 12-month low of $212.43 and a 12-month high of $457.26.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, December 12th. The company reported $2.48 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.19). The firm had revenue of $811.73 million for the quarter, compared to the consensus estimate of $812.19 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. RH’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted ($0.42) earnings per share. As a group, equities analysts expect that RH will post 4.37 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RH shares. Stifel Nicolaus raised their target price on RH from $420.00 to $500.00 and gave the company a “buy” rating in a report on Monday, December 16th. Loop Capital raised their price objective on RH from $320.00 to $450.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Guggenheim upped their target price on shares of RH from $425.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Telsey Advisory Group upgraded shares of RH from a “market perform” rating to an “outperform” rating and increased their target price for the company from $485.00 to $500.00 in a report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on shares of RH from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $431.60.

Insider Buying and Selling

In other RH news, Director Keith Belling sold 500 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total transaction of $207,500.00. Following the sale, the director now owns 5,470 shares of the company’s stock, valued at $2,270,050. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christina Hargarten sold 5,280 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $447.20, for a total value of $2,361,216.00. Following the sale, the chief accounting officer now owns 484 shares in the company, valued at approximately $216,444.80. This represents a 91.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,880 shares of company stock valued at $29,129,879. 28.10% of the stock is owned by insiders.

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.