Arhaus (NASDAQ:ARHS) Trading Down 5.3%

Shares of Arhaus, Inc. (NASDAQ:ARHS) traded down 5.3% during trading on Friday . The stock traded as low as $16.95 and last traded at $16.98. 295,686 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,146,440 shares. The stock had previously closed at $17.93.

Analyst Ratings Changes

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

Arhaus Trading Down 4.7 %

The company has a market cap of $2.40 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 2.65. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $16.27 and a two-hundred day moving average price of $13.99.

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

Insider Activity at Arhaus

In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the sale, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voss Capital LLC grew its stake in Arhaus by 23.0% in the fourth quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after acquiring an additional 115,000 shares during the period. FACT Capital LP boosted its position in shares of Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company’s stock worth $9,467,000 after buying an additional 310,566 shares during the period. Nordea Investment Management AB boosted its position 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 worth $3,271,000 after buying an additional 91,356 shares during the period. CenterBook Partners LP acquired a new position in shares of Arhaus during the fourth quarter worth about $2,132,000. Finally, Olympiad Research LP boosted its position 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 buying an additional 2,334 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

About Arhaus

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.