Arhaus (NASDAQ:ARHS) Acts Gap Up – Here’s What Happened

Arhaus, Inc. stock price (NASDAQ:ARHS – Get Free Report ) fell earlier in trading on Friday. The stock had previously closed at $10.59 but opened at $11.29. Arhaus shares last traded at $10.81, with a volume of 310,735 shares changing hands.

Wall Street analysts weigh in

A number of research analysts recently issued reports on ARHS shares. Stifel Nicolaus cut their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $16.00 in a research note on Monday, 8 July. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a research note on Monday, August 12th. TD Cowen cut their price target on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Craig Hallum cut their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00, based on data from MarketBeat.

Get the latest stock report on Arhaus

Arhaus Stock 2.7%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55, and a current ratio of 1.25. The company’s 50-day moving average is $12.49, and its two-hundred-day moving average is $14.81. The stock has a market cap of $1.53 billion, a P/E ratio of 13.93, a PEG ratio of 15.20 and a beta of 2.51.

Arhaus (NASDAQ:ARHS – Get Your Free Report ) last released its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping 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 firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. In the same quarter last year, the business earned $0.29 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Arhaus, Inc. will post 0.48 earnings per share for the current year.

Insiders place their bets

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the transaction, the insider now owns 36,736 shares of the company’s stock, valued at $591,816.96. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.52% of the company’s shares.

Hedge funds affect Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Arhaus in the second quarter valued at approximately $30,000. Quest Partners LLC boosted its holdings in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Arhaus in the second quarter valued at approximately $183,000. Ballentine Partners LLC bought a new stake in shares of Arhaus in the first quarter valued at about $204,000. Finally, Aspirant LLC bought a new stake in shares of Arhaus in the first quarter valued at about $204,000. Institutional investors and hedge funds own 27.88% of the company’s shares.

Arhaus company profile

(Get a free report)

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It offers assortments of merchandise from different categories including furniture, lighting, textiles, decor and outdoor. The company’s furniture products include bedroom, living room, dining room and home office furniture, which includes sofas, dining room tables and chairs, decorative chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, storage modular and others. articles; and outdoor products such as outdoor dining tables, chairs, lounge chairs and other furniture, lighting, textiles, decor, umbrellas and fire pits.

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