Arhaus (NASDAQ:ARHS) Director Sells $29,645.00 in Stock

Arhaus, Inc. (NASDAQ:ARHS) Director Alton Doody III sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director owned 87,113 shares in the company, valued at approximately $737,847.11. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Arhaus Price Performance

Arhaus stock opened at $8.10 on Friday. 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 firm has a market capitalization of $1.15 billion, a P/E ratio of 16.20, a PEG ratio of 2.56 and a beta of 2.30. The business has a 50-day moving average of $8.49 and a 200-day moving average of $7.60. Arhaus, Inc. has a 1 year low of $5.57 and a 1 year high of $12.08.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The business had revenue of $384.90 million for the quarter, compared to the consensus estimate of $365.66 million. Arhaus’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, equities analysts anticipate that Arhaus, Inc. will post 0.54 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised 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. Piper Sandler upped their price target on shares of Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Morgan Stanley increased their price target on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Telsey Advisory Group lifted their price objective on shares of Arhaus from $8.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Arhaus presently has an average rating of “Hold” and a consensus target price of $10.12.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in shares of Arhaus by 89.8% in the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after purchasing an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Arhaus during the 3rd quarter worth about $30,000. Ancora Advisors LLC bought a new stake in shares of Arhaus during the 2nd quarter worth about $34,000. Global Retirement Partners LLC acquired a new position in Arhaus in the 4th quarter valued at about $39,000. Finally, Fifth Third Bancorp acquired a new position in Arhaus in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.