Arhaus (NASDAQ:ARHS) CEO Sells $696,210.42 in Stock

Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) CEO John Reed sold 57,921 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $12.02, for a total value of $696,210.42. Following the sale, the chief executive officer directly owned 205,309 shares of the company’s stock, valued at approximately $2,467,814.18. This trade represents a 22.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arhaus Trading Down 1.6%

NASDAQ ARHS traded down $0.21 during trading hours on Thursday, reaching $12.94. The company had a trading volume of 4,352,843 shares, compared to its average volume of 1,415,924. The stock has a 50-day moving average of $9.72 and a 200 day moving average of $8.38. Arhaus, Inc. has a 1-year low of $5.57 and a 1-year high of $13.36. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.83 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 3.42 and a beta of 2.24.

Arhaus (NASDAQ:ARHS – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $368.12 million for the quarter, compared to analysts’ expectations of $370.56 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, research analysts anticipate that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler upgraded Arhaus from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a research note on Tuesday, October 20th. Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Robert W. Baird set a $10.00 target price on shares of Arhaus in a report on Friday, August 7th. Craig Hallum upgraded 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. Finally, Zacks Research upgraded shares of Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.78.

Read Our Latest Research Report on Arhaus

Institutional Trading of Arhaus

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after acquiring an additional 185,208 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Arhaus by 95.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Arhaus during the 2nd quarter worth about $1,582,000. Engineers Gate Manager LP raised its position in shares of Arhaus by 54.4% during the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock worth $1,802,000 after acquiring an additional 75,371 shares in the last quarter. Finally, Hardin Capital Partners LLC purchased a new stake in Arhaus during the second quarter worth approximately $672,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus News Summary

Here are the key news stories impacting Arhaus this week:

Arhaus Company Profile

(Get Free Report)

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.

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