Arhaus (NASDAQ:ARHS) Trading Down 4.3%

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s share price fell 4.3% during mid-day trading on Wednesday . The stock traded as low as $11.15 and last traded at $11.20. 396,349 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,254,843 shares. The stock had previously closed at $11.70.

Wall Street Analyst Weigh In

Several research firms have issued reports on ARHS. Barclays lowered their price objective on shares of Arhaus from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Telsey Advisory Group reissued an "outperform" rating and issued a $15.00 price objective on shares of Arhaus in a research report on Monday, August 12th. TD Cowen lowered their price objective on shares of Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Arhaus from $19.50 to $16.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Finally, Craig Hallum lowered their price target on shares of Arhaus from $21.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Arhaus Price Performance

The stock's 50-day moving average is $14.15 and its 200 day moving average is $15.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The company has a market cap of $1.58 billion, a PE ratio of 14.80, a PEG ratio of 14.05 and a beta of 2.57.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $309.80 million during the quarter, compared to analysts' expectations of $314.28 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. Arhaus's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares of the company's stock, valued at $591,816.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business's stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 value of $28,710.00. Following the sale, the insider now directly owns 68,785 shares of the company's stock, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Insiders sold 157,960 shares of company stock valued at $2,978,281 over the last 90 days. Insiders own 1.52% of the company's stock.

Institutional Trading of Arhaus

A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD purchased a new stake in Arhaus in the 1st quarter worth approximately $8,326,000. FACT Capital LP grew its position in Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company's stock valued at $9,467,000 after buying an additional 310,566 shares during the period. Sei Investments Co. increased its holdings in Arhaus by 192.7% in the first quarter. Sei Investments Co. now owns 383,091 shares of the company's stock valued at $5,896,000 after buying an additional 252,192 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Arhaus by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company's stock worth $2,605,000 after acquiring an additional 112,583 shares during the period. Finally, CenterBook Partners LP acquired a new position in shares of Arhaus in the fourth quarter worth about $2,132,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Company Profile

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.