Key Points
- Arhaus Director Alton Doody III sold 3,500 shares at an average price of $8.47, generating $29,645 and reducing his stake by 3.86% to 87,113 shares.
- Arhaus reported quarterly earnings of $0.28 per share, beating estimates by $0.12, while revenue reached $384.9 million, up 7.5% year over year and above expectations.
- Analysts maintain a consensus “Hold” rating with an average price target of $10.12; ARHS recently opened at $7.94 and has traded between $5.57 and $12.08 over the past year.
Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) Director Alton Doody III sold 3,500 shares of Arhaus stock in a transaction dated 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 transaction, the director owned 87,113 shares of the company's stock, valued at approximately $737,847.11. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Arhaus Stock Performance
NASDAQ ARHS opened at $7.94 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.66 and a beta of 2.30. The stock has a 50-day moving average of $8.50 and a 200 day moving average of $7.60. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. Arhaus, Inc. has a twelve month low of $5.57 and a twelve month high of $12.08.
Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS 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 period last year, the company earned $0.25 earnings per share. Sell-side analysts anticipate that Arhaus, Inc. will post 0.54 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ARHS. Morgan Stanley lifted 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. Craig Hallum raised shares of Arhaus from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a report on Thursday, August 6th. Piper Sandler increased their price objective on shares of Arhaus from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Telsey Advisory Group lifted their target price 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. Finally, Robert W. Baird set a $10.00 target price on shares of Arhaus in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.12.
Get Our Latest Analysis on Arhaus
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in 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 purchased a new position in shares of Arhaus during the 3rd quarter worth $30,000. Ancora Advisors LLC acquired a new stake in shares of Arhaus during the 2nd quarter worth about $34,000. Global Retirement Partners LLC acquired a new stake in shares of Arhaus during the 4th quarter worth about $39,000. Finally, Fifth Third Bancorp purchased a new stake in Arhaus in the 1st quarter valued at about $40,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.
Arhaus Company Profile
(
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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