Legato Capital Management LLC Boosts Holdings in RH (NYSE:RH)

Legato Capital Management LLC grew its position in shares of RH (NYSE:RH) by 217.8% in the fourth quarter, Holdings Channel reports. The firm owned 3,655 shares of the company’s stock after purchasing an additional 2,505 shares during the period. Legato Capital Management LLC’s holdings in RH were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its stake in 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 period. Blue Trust Inc. raised its holdings in shares of 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 raised its holdings in shares of RH by 1.7% in the 3rd quarter. Raymond James & Associates now owns 13,083 shares of the company’s stock valued at $4,375,000 after acquiring an additional 219 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock valued at $82,206,000 after acquiring an additional 18,563 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of RH by 27.8% during the third 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 Price Performance

RH opened at $374.47 on Thursday. The stock’s 50 day simple moving average is $409.51 and its 200 day simple moving average is $345.04. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 107.61, a PEG ratio of 3.02 and a beta of 2.42. RH has a 1 year low of $212.43 and a 1 year high of $457.26.

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). RH had a negative return on equity of 35.72% and a net margin of 2.25%. The firm had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same quarter in the prior year, the business posted ($0.42) EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that RH will post 4.37 EPS for the current year.

Insiders Place Their Bets

In related news, insider Eri Chaya sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $450.45, for a total transaction of $11,261,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christina Hargarten sold 5,280 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 484 shares of the company’s stock, valued at $216,444.80. The trade was a 91.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,880 shares of company stock valued at $29,129,879 in the last quarter. Insiders own 28.10% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of RH in a research note on Monday, January 27th. Loop Capital raised their price objective on shares of RH from $320.00 to $450.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stifel Nicolaus lifted their price objective on shares of RH from $420.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays raised RH from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $383.00 to $515.00 in a research note on Wednesday, January 8th. Finally, Robert W. Baird lifted their price target on RH from $300.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.