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 28, 2023 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 28, 2023 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 February 2, 2018 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.
FEBRUARY 2,
2018
FEBRUARY 1,
2019
JANUARY 31,
2020
JANUARY 29,
2021
JANUARY 28,
2022
JANUARY 27,
2023
RH
100.00
145.20
226.80
516.47
425.81
337.52
NYSE Composite Index
100.00
94.23
104.04
110.03
125.31
121.99
S&P Retailing Select Index
100.00
96.33
94.40
193.19
174.77
153.90
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Repurchases of Common Stock
During the three months ended January 28, 2023, we repurchased the following shares of our common stock:
TOTAL NUMBER OF
APPROXIMATE DOLLAR
AVERAGE
SHARES REPURCHASED
VALUE OF SHARES THAT
PURCHASE
AS PART OF PUBLICLY
MAY YET BE
NUMBER OF
PRICE PER
ANNOUNCED PLANS
PURCHASED UNDER THE
SHARES (1)
SHARE
OR PROGRAMS (2)
PLANS OR PROGRAMS (2)
(in millions)
October 30, 2022 to November 26, 2022
—
$
—
—
$
2,164
November 27, 2022 to December 31, 2022
1,330,327
$
258.43
1,329,559
$
1,820
January 1, 2023 to January 28, 2023 (3)
1,262,837
$
293.08
1,262,434
$
1,450
Total
2,593,164
2,591,993
(1) Includes 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 Share Repurchase Program (as defined below) authorized by the Board of Directors on October 10, 2018, and replenished on March 25, 2019 and June 2, 2022.
(3) Starting on January 1, 2023, share repurchases under our Share Repurchase Program are subject to a 1% excise tax imposed under the Inflation Reduction Act (“IRA”).
ITEM 6. [RESERVED]
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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.