Arhaus (NASDAQ:ARHS) Director Alton Doody III Sells 3,500 Shares

Arhaus, Inc. (NASDAQ:ARHSGet Free Report) Director Alton Doody III sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the completion of the sale, the director directly owned 87,113 shares of the company’s stock, valued at $737,847.11. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Arhaus Price Performance

Shares of Arhaus stock opened at $7.94 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.66 and a beta of 2.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33. The stock has a 50 day moving average price of $8.50 and a 200-day moving average price of $7.60. Arhaus, Inc. has a one year low of $5.57 and a one year high of $12.08.

Arhaus (NASDAQ:ARHSGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $384.90 million for the quarter, compared to analyst estimates of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.Arhaus’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities analysts expect that Arhaus, Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 6th. Morgan Stanley increased their price objective on shares of Arhaus from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Piper Sandler upped their target price on Arhaus from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Arhaus currently has a consensus rating of “Hold” and a consensus target price of $10.12.

Read Our Latest Analysis on ARHS

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARHS. Larson Financial Group LLC grew its stake in shares of Arhaus by 89.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock worth $30,000 after purchasing an additional 1,315 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Arhaus by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company’s stock valued at $265,000 after purchasing an additional 1,326 shares during the period. Deutsche Bank AG boosted its holdings in Arhaus by 4.6% during the fourth quarter. Deutsche Bank AG now owns 39,447 shares of the company’s stock worth $442,000 after buying an additional 1,725 shares in the last quarter. Entropy Technologies LP boosted its holdings in Arhaus by 7.0% during the first quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after buying an additional 2,049 shares in the last quarter. Finally, Virtu Financial LLC grew its position in Arhaus by 19.2% during the third quarter. Virtu Financial LLC now owns 13,402 shares of the company’s stock valued at $142,000 after buying an additional 2,161 shares during the period. 27.88% of the stock is currently owned by institutional investors.

About Arhaus

(Get Free Report)

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.

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