RH (NYSE:RH) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC raised its position in RH (NYSE:RH - Free Report) by 217.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,655 shares of the company's stock after buying 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.

Other hedge funds have also recently bought and sold shares of the company. Insight Advisors LLC PA raised its stake in shares of RH by 2.3% in the 4th quarter. Insight Advisors LLC PA now owns 1,449 shares of the company's stock valued at $571,000 after purchasing an additional 33 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of RH by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 747 shares of the company's stock worth $250,000 after acquiring an additional 35 shares during the period. UMB Bank n.a. boosted its holdings in shares of RH by 125.8% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the company's stock worth $28,000 after acquiring an additional 39 shares during the period. Janney Montgomery Scott LLC raised its position in shares of RH by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,356 shares of the company's stock valued at $534,000 after buying an additional 52 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of RH by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 18,204 shares of the company's stock valued at $7,165,000 after buying an additional 55 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

RH Price Performance

Shares of RH stock traded up $1.70 on Friday, reaching $382.05. 411,877 shares of the company traded hands, compared to its average volume of 542,519. RH has a 52 week low of $212.43 and a 52 week high of $457.26. The company has a 50 day moving average of $409.78 and a 200 day moving average of $346.55. The firm has a market capitalization of $7.11 billion, a PE ratio of 109.78, a PEG ratio of 3.02 and a beta of 2.42.

RH (NYSE:RH - Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The company reported $2.48 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 business had revenue of $811.73 million during the quarter, compared to the consensus estimate of $812.19 million. During the same period last year, the business posted ($0.42) earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that RH will post 4.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on RH shares. Stifel Nicolaus boosted their price objective on shares of RH from $420.00 to $500.00 and gave the company a "buy" rating in a research report on Monday, December 16th. StockNews.com downgraded shares of RH from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. Loop Capital boosted their price objective on shares of RH from $320.00 to $450.00 and gave the stock a "hold" rating in a research note on Monday, December 16th. BNP Paribas reissued an "underperform" rating and issued a $253.00 price objective on shares of RH in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised shares of RH from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $435.00 to $530.00 in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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 dated Tuesday, December 17th. The shares were sold at an average price of $415.00, for a total value of $207,500.00. Following the transaction, the director now owns 5,470 shares in the company, valued at approximately $2,270,050. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eri Chaya sold 25,000 shares of RH stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $450.45, for a total transaction 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 90 days. 28.10% of the stock is owned by company insiders.

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.