Arhaus (NASDAQ:ARHS) Trading 2.9% Higher

Arhaus, Inc. (NASDAQ:ARHS) shares shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $19.02 and last traded at $18.98. 94,962 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,144,138 shares. The stock had previously closed at $18.44.

Analyst Ratings Changes

A number of brokerages have issued reports on ARHS. Robert W. Baird upped their target price on Arhaus from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $17.00 price target on shares of Arhaus in a research report on Thursday, May 9th. Piper Sandler reiterated an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Bank of America upped their price target on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, TD Cowen upped their price target on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, May 20th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.56.

Arhaus Trading Up 2.7 %

The business has a 50 day moving average of $16.20 and a two-hundred day moving average of $13.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.94 and a beta of 2.65.

Arhaus (NASDAQ:ARHS) last posted its quarterly 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 business had revenue of $295.16 million for 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%. Equities 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 stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its holdings in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after acquiring an additional 5,233,776 shares during the period. Vanguard Group Inc. boosted its stake in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after buying an additional 463,749 shares during the period. Scopus Asset Management L.P. bought a new stake in Arhaus during the third quarter valued at $17,671,000. Hood River Capital Management LLC boosted its stake in Arhaus by 0.6% during the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after buying an additional 8,824 shares during the period. Finally, Summit Creek Advisors LLC boosted its stake in Arhaus by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after buying an additional 8,461 shares during the period. 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.