Arhaus, Inc. (NASDAQ:ARHS) Insider Sells $104,070.60 in Stock

Arhaus, Inc. (NASDAQ:ARHS) insider Venkatachalam Nachiappan sold 6,460 shares of the firm’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 directly 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 accessible through this link.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $16.34 on Monday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.53 and a beta of 2.58. The business has a 50 day moving average price of $17.09 and a 200 day moving average price of $14.93. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. Arhaus, Inc. has a twelve month low of $7.56 and a twelve month high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS 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 analyst estimates of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. Research analysts predict that Arhaus, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ARHS shares. Telsey Advisory Group restated an “outperform” rating and set a $17.00 price target on shares of Arhaus in a report on Thursday, May 9th. Stifel Nicolaus started coverage on Arhaus in a report on Tuesday, July 9th. They set a “buy” rating and a $19.50 target price on the stock. Jefferies Financial Group downgraded Arhaus from a “buy” rating to a “hold” rating and decreased their price target for the stock from $22.00 to $16.00 in a research note on Monday, July 8th. Robert W. Baird increased their price objective on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, TD Cowen boosted their target price on Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.77.

Institutional Trading of Arhaus

A number of hedge funds have recently bought and sold shares of ARHS. National Bank of Canada FI raised its position in shares of Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after buying an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Arhaus by 68.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Arhaus in the 4th quarter worth approximately $118,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Arhaus during the 4th quarter worth approximately $119,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in shares of Arhaus during the fourth quarter valued at approximately $161,000. 27.88% of the stock is owned by institutional investors.

Arhaus Company Profile

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.