Arhaus (NASDAQ:ARHS – Get Free Report) issued its earnings results on Thursday. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04, Briefing.com reports. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Arhaus updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Arhaus Stock Performance
NASDAQ ARHS opened at $12.66 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The business has a fifty day moving average of $16.50 and a 200-day moving average of $15.09. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57.
Insider Activity
In related news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction dated Thursday, June 6th. The stock was 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 owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were 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 in the company, valued at $1,316,544.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The disclosure for this sale can be found here. Insiders have sold 157,960 shares of company stock worth $2,978,281 over the last three months. 1.52% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Arhaus
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.
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