Arhaus (NASDAQ:ARHS) Director Alton Doody III Sells 3,500 Shares of Stock

Key Points

• Arhaus Director Alton Doody III sold 3,500 shares at an average price of $8.47, generating $29,645. After the transaction, he retained 87,113 shares, reducing his position by 3.86%.
• Arhaus shares traded at $7.94, with a market capitalization of approximately $1.13 billion. The stock remains below its 52-week high of $12.08 but above its low of $5.57.
• The company recently exceeded quarterly expectations, reporting adjusted earnings of $0.28 per share and revenue of $384.9 million, while analysts maintain a consensus “Hold” rating with an average price target of $10.12.

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) Director Alton Doody III sold 3,500 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the completion of the transaction, the director owned 87,113 shares in the company, valued at $737,847.11. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.47 during midday trading on Thursday, hitting $7.94. The company had a trading volume of 1,307,482 shares, compared to its average volume of 1,329,036. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.68 and a beta of 2.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. The company's 50 day simple moving average is $8.51 and its 200 day simple moving average is $7.61. Arhaus, Inc. has a 52-week low of $5.57 and a 52-week high of $12.08.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.12. The firm had revenue of $384.90 million during the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Research analysts anticipate that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Robert W. Baird set a $10.00 price objective on Arhaus in a research report on Friday, August 7th. Morgan Stanley raised their price objective on shares of Arhaus from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Piper Sandler upped their target price on shares of Arhaus from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Arhaus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Arhaus from a "sell" rating to a "hold" rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Arhaus presently has an average rating of "Hold" and an average target price of $10.12.

Institutional Trading of Arhaus

Several large investors have recently modified their holdings of the business. Simcoe Capital LLC acquired a new stake in Arhaus during the 4th quarter valued at $4,592,000. Dimensional Fund Advisors LP lifted its position in shares of Arhaus by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company's stock valued at $7,994,000 after acquiring an additional 185,208 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Arhaus by 95.1% during the first 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 during the last quarter. UBS Group AG boosted its stake in shares of Arhaus by 43.3% during the fourth quarter. UBS Group AG now owns 1,098,150 shares of the company's stock valued at $12,310,000 after acquiring an additional 331,961 shares during the last quarter. Finally, Hardin Capital Partners LLC purchased a new stake in Arhaus during the 2nd quarter worth about $672,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Company Profile

Arhaus NASDAQ: ARHS is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.