Arhaus (NASDAQ:ARHS) CAO Sells $67,106.00 in Stock

Arhaus, Inc. (NASDAQ:ARHS) CAO Christian Sedor sold 4,450 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $15.08, for a total transaction of $67,106.00. Following the completion of the sale, the chief accounting officer owned 5,669 shares in the company, valued at $85,488.52. This represents a 43.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Arhaus Stock Performance

NASDAQ:ARHS opened at $13.52 on Friday. Arhaus, Inc. has a 1 year low of $5.57 and a 1 year high of $15.17. The firm has a 50 day moving average of $10.37 and a 200-day moving average of $8.49. The company has a current ratio of 1.30, a quick ratio of 0.64 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.92 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 4.23 and a beta of 2.24.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a net margin of 4.52% and a return on equity of 15.89%. The business had revenue of $368.12 million during the quarter, compared to the consensus estimate of $370.56 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus, Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its position in Arhaus by 18,381.0% in the 3rd quarter. Voya Investment Management LLC now owns 2,044,363 shares of the company’s stock valued at $19,360,000 after acquiring an additional 2,033,301 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Arhaus by 95.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Arhaus during the 2nd quarter worth approximately $1,582,000. Dimensional Fund Advisors LP grew its stake in shares of Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after acquiring an additional 185,208 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Arhaus in the first quarter valued at approximately $742,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ARHS shares. Robert W. Baird set a $10.00 target price on Arhaus in a research note on Friday, August 7th. TD Cowen increased their price objective on shares of Arhaus from $11.00 to $16.00 and gave the company a “buy” rating in a report on Monday. Telsey Advisory Group raised their price objective on shares of Arhaus from $12.00 to $14.00 and gave the company a “market perform” rating in a research note on Friday, November 6th. Craig Hallum upgraded shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, August 6th. Finally, Zacks Research cut Arhaus from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 6th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.56.

About Arhaus

Arhaus, Inc. is a U.S.-based home furnishings retailer that designs, sources and sells furniture and décor for residential spaces. Its product range includes indoor and outdoor furniture, rugs, lighting, textiles and accessories. Founded in 1986, the company offers its products through retail stores and an e-commerce platform. Arhaus serves customers across the United States. The company is headquartered in Boston Heights, Ohio, and emphasizes distinctive designs, craftsmanship and the use of materials sourced from around the world.