Arhaus (NASDAQ:ARHS) Shares Down 3.8%

Arhaus, Inc. (NASDAQ:ARHS)’s stock price dropped 3.8% during mid-day trading on Tuesday . The company traded as low as $12.81 and last traded at $12.81. Approximately 108,304 shares were traded during trading, a decline of 91% from the average daily volume of 1,237,500 shares. The stock had previously closed at $13.31.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group downgraded shares of Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $16.00 in a research report on Monday, July 8th. Craig Hallum dropped their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus reduced their price objective on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Arhaus Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The stock has a market cap of $1.77 billion, a P/E ratio of 16.66, a PEG ratio of 12.49 and a beta of 2.52. The firm’s 50-day moving average price is $13.16 and its 200-day moving average price is $14.99.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.52% of the stock is currently owned by company insiders.

Institutional Trading of Arhaus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in Arhaus by 147.1% in the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after buying an additional 5,233,776 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Arhaus during the second quarter worth $21,034,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Arhaus during the first quarter worth $8,326,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Arhaus during the first quarter worth $8,301,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.