Arhaus (NASDAQ:ARHS) Trading Down 4.8%

Arhaus, Inc. (NASDAQ:ARHS) fell 4.8% during trading on Monday . The company traded as low as $16.01 and last traded at $16.12. 303,731 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,203,095 shares. The stock had previously closed at $16.94.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 target price on shares of Arhaus in a report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and set a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. TD Cowen boosted their price objective on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, May 20th. Finally, Bank of America raised their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and an average price target of $16.56.

Arhaus Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The stock’s 50-day moving average is $16.60 and its 200 day moving average is $14.36. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.63 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The firm 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%. As a group, analysts predict that Arhaus, Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Arhaus

In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at approximately $9,476,558.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Arhaus

A number of hedge funds have recently bought and sold shares of ARHS. National Bank of Canada FI increased its stake in shares of Arhaus by 647.1% during the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after acquiring an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after acquiring an additional 3,635 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of Arhaus in the 4th quarter valued at $118,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Arhaus during the 4th quarter valued at $119,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Arhaus during the 4th quarter worth $161,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.