Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Dividend Policy
Our common stock trades under the symbol “RH” on the NYSE.
The number of stockholders of record of our common stock as of January 29, 2022 was 15. This number excludes stockholders whose stock is held in nominee or street name by brokers.
No dividends have been declared or paid on our common stock. We do not currently anticipate that we will pay any cash dividends on our common stock in the foreseeable future.
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Stock Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of RH under the Securities Act of 1933, as amended, or the Exchange Act.
The following graph and table compare the cumulative total stockholder return for our common stock during the five-year period ended January 29, 2022 in comparison to the NYSE Composite Index and the S&P Retailing Select Index, our peer group index. The graph and the table below assume that $100 was invested at the market close on January 27, 2017 in the common stock of RH, the NYSE Composite Index and the S&P Retailing Select Index. Data for the NYSE Composite Index and the S&P Retailing Select Index assumes reinvestments of dividends. The comparisons in the graph and table are required by the SEC and are not intended to be indicative of possible future performance of our common stock.
JANUARY 27,
2017
FEBRUARY 2,
2018
FEBRUARY 1,
2019
JANUARY 31,
2020
JANUARY 29,
2021
JANUARY 28,
2022
RH
100.00
352.78
512.23
800.11
1,822.00
1,502.18
NYSE Composite Index
100.00
115.97
109.27
120.66
127.60
145.33
S&P Retailing Select Index
100.00
106.53
102.62
100.57
205.81
186.18
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Repurchases of Common Stock
During the three months ended January 29, 2022, we repurchased the following shares of our common stock:
APPROXIMATE DOLLAR
AVERAGE
VALUE OF SHARES THAT
PURCHASE
MAY YET BE
NUMBER OF
PRICE PER
PURCHASED UNDER THE
SHARES (1)
SHARE
PLANS OR PROGRAMS (2)
(in millions)
October 31, 2021 to November 27, 2021
—
$
—
$
450
November 28, 2021 to January 1, 2022
1,961
$
568.03
$
450
January 2, 2022 to January 29, 2022
378
$
535.94
$
450
Total
2,339
(1) Reflects shares withheld from delivery to satisfy exercise price and tax withholding obligations of employee recipients that occur upon the vesting of restricted stock units granted under our 2012 Stock Incentive Plan.
(2) Reflects the dollar value of shares that may yet be repurchased under the $950 Million Repurchase Program authorized by the Board of Directors on October 10, 2018 and replenished on March 25, 2019. There were no shares repurchased under this plan during the three months ended January 29, 2022.
ITEM 6. RESERVED
Not applicable.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.