FMR LLC & Abigail Johnson Maintain 10.312% Stake in RH

TL;DR

**FMR LLC and Abigail Johnson still own over 10% of RH, signaling strong conviction.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in RH (formerly Restoration Hardware). As of February 9, 2024, they collectively beneficially own 1,878,930 shares of RH common stock, representing 10.312% of the company. This filing indicates a significant, continued investment by FMR LLC in RH, which could signal confidence in the furniture retailer's future performance to current and prospective shareholders.

Why It Matters

This filing shows that a major institutional investor and its leader continue to hold a substantial portion of RH, which can be a positive signal of long-term confidence in the company's value and prospects.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.

Analyst Insight

A smart investor would view this continued significant institutional ownership as a vote of confidence in RH, potentially signaling stability and long-term value, and might consider further research into RH's fundamentals.

Key Numbers

• 1,878,930 — Shares Beneficially Owned (Total common stock shares of RH beneficially owned by FMR LLC and Abigail P. Johnson.)
• 10.312% — Percent of Class (The percentage of RH's common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
• 0000315066-24-001511 — Accession Number (Unique identifier for this specific SEC filing.)
• 20240209 — Filed As Of Date (The date this SC 13G/A amendment was filed with the SEC.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
• RH (company) — the issuer of the common stock
• Restoration Hardware Holdings Inc (company) — former name of RH

Forward-Looking Statements

• FMR LLC will maintain a significant ownership stake in RH for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001511.txt : 20240209 0000315066-24-001511.hdr.sgml : 20240209 20240209094931 ACCESSION NUMBER: 0000315066-24-001511 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RH CENTRAL INDEX KEY: 0001528849 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 453052669 STATE OF INCORPORATION: DE FISCAL YEAR END: 0203 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87304 FILM NUMBER: 24612047 BUSINESS ADDRESS: STREET 1: 15 KOCH ROAD STREET 2: SUITE K CITY: CORTE MADERA STATE: CA ZIP: 94925 BUSINESS PHONE: 415-924-1005 MAIL ADDRESS: STREET 1: 15 KOCH ROAD STREET 2: SUITE K CITY: CORTE MADERA STATE: CA ZIP: 94925 FORMER COMPANY: FORMER CONFORMED NAME: Restoration Hardware Holdings Inc DATE OF NAME CHANGE: 20110830 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.14 RH COMMON STOCK Cusip #74967X103 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #74967X103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,734,128 Item 6: 0 Item 7: 1,878,930 Item 8: 0 Item 9: 1,878,930 Item 11: 10.312% Item 12: HC Cusip #74967X103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,878,930 Item 8: 0 Item 9: 1,878,930 Item 11: 10.312% Item 12: IN Item 1(a). Name of Issuer: RH Item 1(b). Address of Issuer's Principal Executive Offices: 15 KOCH ROAD, Ste K Corte Madera, CA 94925 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 74967X103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,878,930 (b) Percent of Class: 10.312% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,878,930 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of RH. No one other person's interest in the COMMON STOCK of RH is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my k