Insider Selling: Arhaus (NASDAQ:ARHS) CEO Sells $696,210.42 in Stock

Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) CEO John Reed sold 57,921 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $12.02, for a total transaction of $696,210.42. Following the sale, the chief executive officer owned 205,309 shares of the company’s stock, valued at $2,467,814.18. This represents a 22.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arhaus Stock Down 1.6%

Shares of Arhaus stock traded down $0.21 during trading hours on Thursday, hitting $12.94. The company had a trading volume of 4,352,843 shares, compared to its average volume of 1,415,924. The company’s 50-day moving average is $9.72 and its two-hundred day moving average is $8.38. Arhaus, Inc. has a twelve month low of $5.57 and a twelve month high of $13.36. 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 has a market cap of $1.83 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 3.42 and a beta of 2.24.

Arhaus (NASDAQ:ARHS – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The company had revenue of $368.12 million during the quarter, compared to analysts’ expectations of $370.56 million. During the same period last year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts anticipate that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,200 shares during the period. Engineers Gate Manager LP grew its position in Arhaus by 54.4% during the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock worth $1,802,000 after purchasing an additional 75,371 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Arhaus in the second quarter valued at $96,000. Ancora Advisors LLC acquired a new position in Arhaus in the second quarter valued at $34,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Arhaus in the second quarter valued at about $1,582,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus News Roundup

Here are the key news stories impacting Arhaus this week:

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Telsey Advisory Group raised their price objective on Arhaus from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Morgan Stanley boosted their target price on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Piper Sandler raised Arhaus from a “neutral” rating to an “overweight” rating and upped their target price for the company from $9.00 to $13.00 in a research report on Tuesday, October 20th. Zacks Research upgraded Arhaus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group raised Arhaus from a “hold” rating to a “buy” rating and lifted their price target for the stock from $9.50 to $10.00 in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.78.

Read Our Latest Report on Arhaus

Arhaus Company Profile

(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.

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