Key Points
- Arhaus CAO Christian Sedor sold 4,450 shares for about $67,106, reducing his holdings by 43.98% to 5,669 shares.
- Quarterly results missed estimates: EPS was $0.05 versus $0.08 expected, and revenue was $368.12 million versus $370.56 million expected. Revenue nevertheless rose 6.8% year over year.
- Analyst sentiment was generally positive, with six Buy and four Hold ratings; Guggenheim raised its price target to $17, while Telsey’s $14 target was below the cited share price of $14.89.
Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) CAO Christian Sedor sold 4,450 shares of the business's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $15.08, for a total value of $67,106.00. Following the completion of the sale, the chief accounting officer owned 5,669 shares in the company, valued at $85,488.52. This represents a 43.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Arhaus Price Performance
Arhaus stock opened at $14.89 on Wednesday. The company's 50 day moving average is $10.15 and its two-hundred day moving average is $8.46. The firm has a market cap of $2.11 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 4.34 and a beta of 2.24. The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Arhaus, Inc. has a 52-week low of $5.57 and a 52-week high of $15.17.
Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The firm had revenue of $368.12 million for the quarter, compared to analyst estimates of $370.56 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, research analysts expect that Arhaus, Inc. will post 0.53 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on ARHS shares. Telsey Advisory Group boosted their price target on Arhaus from $12.00 to $14.00 and gave the company a "market perform" rating in a research report on Friday, November 6th. Craig Hallum upgraded 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. Guggenheim increased their price target on Arhaus from $12.00 to $17.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen raised shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Piper Sandler raised shares of Arhaus from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $9.00 to $13.00 in a report on Tuesday, October 20th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.56.
Read Our Latest Stock Report on ARHS
More Arhaus News
Here are the key news stories impacting Arhaus this week:
- Positive Sentiment: Guggenheim raised its price target to $17 from $12 and reiterated a Buy rating, implying further upside from the cited $14.89 price. Guggenheim price target update
- Positive Sentiment: TD Cowen raised its target to $16 from $11 and maintained a Buy rating, also signaling potential upside. TD Cowen price target update
- Neutral Sentiment: A short-interest report lists zero shares sold short and a zero-day short-interest ratio, offering no indication of meaningful short positioning. Arhaus short-interest data
- Neutral Sentiment: Zacks described ARHS as a strong value stock based on its style-rating framework; the item did not provide new company fundamentals. Zacks value-stock analysis
- Negative Sentiment: CAO Christian Sedor sold 4,450 shares for about $67,106, reducing his direct holdings by 43.98%. The sale may weigh on sentiment, though he retained 5,669 shares. SEC insider transaction filing
- Negative Sentiment: Telsey Advisory Group lifted its target to $14 from $12 but kept a Market Perform rating; its new target is below the cited $14.89 price. Telsey price target update
Institutional Trading of Arhaus
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Arhaus by 2.1% in the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company's stock valued at $15,847,000 after acquiring an additional 49,036 shares during the period. Voya Investment Management LLC grew its stake in shares of Arhaus by 18,381.0% in the third quarter. Voya Investment Management LLC now owns 2,044,363 shares of the company's stock valued at $19,360,000 after buying an additional 2,033,301 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Arhaus by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company's stock worth $7,994,000 after purchasing an additional 185,208 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of Arhaus by 2.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company's stock worth $7,564,000 after acquiring an additional 22,580 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position 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 purchasing an additional 223,692 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.
About Arhaus
(
Get Free Report)
Arhaus, Inc. is a U.S.-based home furnishings retailer that designs, sources and sells furniture and décor for residential spaces. Its product range includes indoor and outdoor furniture, rugs, lighting, textiles and accessories. Founded in 1986, the company offers its products through retail stores and an e-commerce platform. Arhaus serves customers across the United States. The company is headquartered in Boston Heights, Ohio, and emphasizes distinctive designs, craftsmanship and the use of materials sourced from around the world.
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