Arhaus, Inc. (NASDAQ:ARHS) Insider Lisa Chi Sells 1,500 Shares

Arhaus, Inc. (NASDAQ:ARHSGet Free Report) insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now owns 68,785 shares in the company, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $19.00 on Tuesday. The company’s fifty day moving average price is $15.78 and its 200-day moving average price is $13.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.06 and a beta of 2.65. Arhaus, Inc. has a one year low of $7.56 and a one year high of $19.81.

Arhaus (NASDAQ:ARHSGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million. On average, equities research analysts anticipate that Arhaus, Inc. will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Large investors have recently bought and sold shares of the stock. Voss Capital LLC raised its holdings in Arhaus by 23.0% during the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after buying an additional 115,000 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Arhaus by 50.0% during the fourth quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock valued at $3,271,000 after acquiring an additional 91,356 shares during the last quarter. Olympiad Research LP boosted its holdings in shares of Arhaus by 12.1% during the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after purchasing an additional 2,334 shares during the period. CenterBook Partners LP purchased a new stake in shares of Arhaus during the fourth quarter worth about $2,132,000. Finally, Evoke Wealth LLC bought a new stake in shares of Arhaus in the fourth quarter worth about $479,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird lifted their target price on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, May 10th. TD Cowen boosted their price objective on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Bank of America increased their target price on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler reissued an “overweight” rating and issued a $20.00 price target (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Arhaus in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $16.56.

Check Out Our Latest Stock Report on ARHS

About Arhaus

(Get Free Report)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

Featured Stories

Receive News & Ratings for Arhaus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arhaus and related companies with MarketBeat.com's FREE daily email newsletter.