Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) major shareholder 2018 Reed Dynasty Trust sold 77,695 shares of Arhaus stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $13.03, for a total value of $1,012,365.85. Following the completion of the transaction, the insider owned 64,927 shares in the company, valued at $845,998.81. The trade was a 54.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
2018 Reed Dynasty Trust also recently made the following trade(s):
- On Tuesday, November 3rd, 2018 Reed Dynasty Trust sold 50,270 shares of Arhaus stock. The shares were sold at an average price of $12.02, for a total value of $604,245.40.
Arhaus Trading Down 1.6%
NASDAQ:ARHS traded down $0.21 on Thursday, hitting $12.94. 4,352,843 shares of the stock were exchanged, compared to its average volume of 1,415,924. The stock has a market cap of $1.83 billion, a PE ratio of 25.88, a PEG ratio of 3.42 and a beta of 2.24. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $9.72 and a 200-day moving average of $8.38. Arhaus, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $13.36.
Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The firm had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ARHS has been the topic of a number of recent research reports. Craig Hallum raised shares of Arhaus from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Thursday, August 6th. Zacks Research raised shares of Arhaus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Telsey Advisory Group increased their price objective on shares of Arhaus from $10.00 to $11.00 and gave the stock a "market perform" rating in a research report on Tuesday, October 20th. Wall Street Zen raised shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Arhaus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.78.
View Our Latest Analysis on ARHS
Institutional Investors Weigh In On Arhaus
Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Arhaus by 85.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company's stock worth $25,000 after acquiring an additional 1,200 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in Arhaus by 54.4% in the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company's stock worth $1,802,000 after acquiring an additional 75,371 shares during the period. Squarepoint Ops LLC acquired a new stake in Arhaus in the second quarter valued at approximately $96,000. Ancora Advisors LLC acquired a new stake in Arhaus in the second quarter valued at approximately $34,000. Finally, Bank of New York Mellon Corp acquired a new stake in Arhaus in the second quarter valued at approximately $1,582,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Arhaus
Here are the key news stories impacting Arhaus this week:
About Arhaus
(
Get Free Report)
Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.
Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.
Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.
Further Reading
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