Shareholder alert: Pomerantz law firm investigates claims on behalf of RH investors

NEW YORK, July 18, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of RH (“RH” or the “Company”) (NYSE: RH). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The subject of the investigation is whether RH and some of its executives and/or directors have engaged in securities transactions Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At June 13, 2024RH announced its financial results for the first quarter, May 4, 2024Among other things, RH recorded sales of 727 million US dollarsa decrease of 1.7% compared to the same period last year, and a net loss of $0.20 per share, compared to a profit of 1,90 € per share for the same period last year. In response to RH’s results, Wedbush cut its price target by 22% and maintained its neutral rating, citing in part RH’s overly optimistic guidance.

Following this news, RH’s share price fell $47.32 per share or 17.08% and closed at $229.73 per share on June 14, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of securities litigation victims. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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