BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith continues its investigation on behalf of RH (“RH” or the “Company”) (NYSE: RH) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RH (RH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 24, 2025, Hunterbrook Media published a report alleging, among other things, that RH may be “running out of money,” stating that “an analysis of the last 20 quarters shows RH has consistently failed to meet expectations, with a cumulative $1.4 billion shortfall in free cash flow” and that “RH’s latest narrative of rapid, imminent growth appears to be unsubstantiated as well.”
On this news, RH’s stock price fell $15.72, or 3.6%, to close at $418.74 per share on January 24, 2025, thereby injuring investors.
Then, on April 2, 2025, after market hours, RH released its fourth quarter 2024 financial results, missing consensus estimates on revenue and EPS, stating that it had “planned a higher amount of new collections” but “believed it was prudent to delay some of [its] introductions until later in the year.” The Company further disclosed that it “ended the year with meaningful debt” and “excess inventory of $200 to $300 million.”
On this news, RH’s stock price fell $99.26, or 39.8%, to close at $150.09 per share on April 3, 2025, thereby injuring investors further.
Contact Us to Participate or Learn More:
If you purchased RH securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: [email protected]
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
