Arhaus, Inc.’s (NASDAQ:ARHS) Lock-Up Period Set To Expire on May 3rd

Arhaus’ (NASDAQ:ARHSGet Rating) lock-up period is set to expire on Tuesday, May 3rd. Arhaus had issued 12,903,226 shares in its initial public offering on November 4th. The total size of the offering was $167,741,938 based on an initial share price of $13.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Several analysts have recently weighed in on ARHS shares. Telsey Advisory Group boosted their price target on Arhaus from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, March 31st. Jefferies Financial Group set a $17.00 price target on shares of Arhaus in a report on Tuesday, January 4th. Guggenheim cut their price target on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 5th. Finally, Zacks Investment Research lowered shares of Arhaus from a “hold” rating to a “sell” rating in a report on Monday, March 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.69.

Shares of Arhaus stock opened at $7.50 on Tuesday. Arhaus has a one year low of $6.17 and a one year high of $14.95. The company’s 50-day simple moving average is $7.43.

Arhaus (NASDAQ:ARHSGet Rating) last announced its earnings results on Wednesday, March 30th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.04 by $0.10. On average, research analysts forecast that Arhaus will post 0.59 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new position in shares of Arhaus during the 4th quarter valued at $27,000. Point72 Hong Kong Ltd bought a new stake in Arhaus in the 4th quarter valued at about $29,000. Lazard Asset Management LLC bought a new stake in Arhaus in the 4th quarter valued at about $75,000. Beacon Investment Advisory Services Inc. bought a new stake in Arhaus in the 4th quarter valued at about $165,000. Finally, Brown Advisory Inc. bought a new stake in Arhaus in the 4th quarter valued at about $174,000. Institutional investors own 88.24% of the company’s stock.

Arhaus Company Profile (Get Rating)

Arhaus, Inc provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor furniture product that includes bedroom, dining room, living room, home office furnishings, textile products consist of handcrafted indoor and outdoor rugs, bed linens, and pillows and throws décor products include wall art, mirrors, vases, candles, and other decorative accessories and outdoor products comprise outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.

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