Arhaus (NASDAQ:ARHS) Stock: Insider Christian Sedor Sells 4,450 Shares

Arhaus, Inc. (NASDAQ:ARHS) CAO Christian Sedor sold 4,450 shares of Arhaus stock in a transaction on Monday, November 9th. The shares were sold at an average price of $15.08, for a total transaction of $67,106.00. Following the completion of the transaction, the chief accounting officer directly owned 5,669 shares in the company, valued at $85,488.52. The trade was a 43.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Arhaus Stock Down 2.2%

Shares of NASDAQ:ARHS opened at $14.56 on Thursday. The stock has a market cap of $2.06 billion, a P/E ratio of 32.37, a P/E/G ratio of 4.31 and a beta of 2.24. The firm has a fifty day moving average price of $10.27 and a 200 day moving average price of $8.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 0.64. Arhaus, Inc. has a 1-year low of $5.57 and a 1-year high of $15.17.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $368.12 million for the quarter, compared to analysts’ expectations of $370.56 million. Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Sell-side analysts predict that Arhaus, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ARHS. Telsey Advisory Group raised their price target on Arhaus from $12.00 to $14.00 and gave the stock a “market perform” rating in a report on Friday, November 6th. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Craig Hallum raised Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, August 6th. Piper Sandler raised Arhaus from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $9.00 to $13.00 in a research report on Tuesday, October 20th. Finally, TD Cowen lifted their target price on Arhaus from $11.00 to $16.00 and gave the company a “buy” rating in a research note on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.56.

Institutional Trading of Arhaus

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Arhaus by 85.0% in the third 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. Ancora Advisors LLC acquired a new stake in Arhaus in the second quarter valued at $34,000. Fifth Third Bancorp acquired a new stake in Arhaus in the first quarter valued at $40,000. Squarepoint Ops LLC acquired a new stake in Arhaus in the second quarter valued at $96,000. Finally, Entropy Technologies LP boosted its position in shares of Arhaus by 7.0% during the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after purchasing an additional 2,049 shares in the last quarter. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

Arhaus, Inc. is a U.S.-based home furnishings retailer that designs, sources and sells furniture and décor for residential spaces. Its product range includes indoor and outdoor furniture, rugs, lighting, textiles and accessories. Founded in 1986, the company offers its products through retail stores and an e-commerce platform. Arhaus serves customers across the United States. The company is headquartered in Boston Heights, Ohio, and emphasizes distinctive designs, craftsmanship and the use of materials sourced from around the world.