RH plans to implement 3-for-1 stock split

Mar. 29, 2022 4:21 PM ETRH (RH)By: Preeti Singh, SA News Editor25 Comments

RH, Restoration Hardware Celebrates the Unveiling of RH Nashville, The Gallery at Green Hills

Jason Kempin/Getty Images Entertainment

  • Home furnishing retailer RH (NYSE:RH) has slipped -10.65% after-hours on plans to implement a 3-for-1 stock split with respect to its common stock.
  • The stock split is expected to be executed in the spring.
  • RH believes that a stock split is appropriate in view of the substantial appreciation that has occurred in the share price since the 2012 IPO. It expects a number of benefits, including the recruitment and retention of talent, as a result.
  • In other news, the retailer reported its Q4 results today
 

Recommended For You

Comments (25)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.