Arhaus (NASDAQ:ARHS) Shares Gap Down to $15.80

Arhaus, Inc. (NASDAQ:ARHSGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.80, but opened at $15.33. Arhaus shares last traded at $14.60, with a volume of 384,583 shares.

Analyst Upgrades and Downgrades

ARHS has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Stifel Nicolaus assumed coverage on Arhaus in a research report on Tuesday. They issued a “buy” rating and a $19.50 price objective for the company. Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $16.00 in a report on Monday. Piper Sandler reissued an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a report on Friday, May 10th. Finally, TD Cowen upped their target price on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and a consensus target price of $16.77.

Read Our Latest Analysis on ARHS

Arhaus Trading Down 0.5 %

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 firm has a market cap of $2.06 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.30 and a beta of 2.58. The business has a 50 day moving average of $16.79 and a 200 day moving average of $14.51.

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

Insider Activity at Arhaus

In related news, CFO Dawn Phillipson sold 150,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the firm’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 sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was 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 directly owns 68,785 shares in the company, valued at $1,316,544.90. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

Institutional Trading of Arhaus

A number of hedge funds have recently added to or reduced their stakes in ARHS. Vanguard Group Inc. boosted its stake in Arhaus by 61.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after buying an additional 1,159,856 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of Arhaus by 31.3% in the 4th quarter. Daymark Wealth Partners LLC now owns 42,000 shares of the company’s stock worth $498,000 after purchasing an additional 10,000 shares during the period. Nordea Investment Management AB raised its holdings in shares of Arhaus by 50.0% in the 4th quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock worth $3,271,000 after purchasing an additional 91,356 shares during the period. Legato Capital Management LLC purchased a new position in shares of Arhaus in the 4th quarter worth about $846,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Arhaus in the 4th quarter worth about $161,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Company Profile

(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 Articles

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.