Arhaus (NASDAQ:ARHS) Trading Down 3.8%

Arhaus, Inc. (NASDAQ:ARHS) 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 traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,237,500 shares. The stock had previously closed at $13.31.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ARHS shares. Robert W. Baird decreased their price objective on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays decreased their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus cut their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, Jefferies Financial Group lowered 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 note on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Arhaus Price Performance

The stock’s fifty day moving average price is $13.16 and its 200-day moving average price is $14.99. 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 firm has a market cap of $1.77 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 12.49 and a beta of 2.52.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same quarter in the prior year, the business posted $0.29 EPS. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that Arhaus, Inc. will post 0.48 EPS for the current fiscal year.

Insider Activity at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GoodHaven Capital Management LLC increased its position in shares of Arhaus by 0.5% in the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after acquiring an additional 1,000 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Arhaus in the second quarter valued at approximately $30,000. Olympiad Research LP grew its position in 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 in the last quarter. Nordea Investment Management AB grew its position in Arhaus by 1.5% during the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock worth $4,436,000 after buying an additional 4,169 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in Arhaus by 16.9% during the first quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after buying an additional 5,178 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.