Arhaus, Inc. (NASDAQ:ARHS – Get Rating) Director Albert T. Adams acquired 25,000 shares of the stock in a transaction dated Monday, May 23rd. The shares were bought at an average cost of $5.93 per share, with a total value of $148,250.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $148,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ:ARHS traded down $0.60 during midday trading on Tuesday, hitting $5.36. 395,789 shares of the company’s stock traded hands, compared to its average volume of 414,644. Arhaus, Inc. has a twelve month low of $5.33 and a twelve month high of $14.95. The firm’s fifty day moving average price is $7.40 and its two-hundred day moving average price is $8.79.
Arhaus (NASDAQ:ARHS – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $246.30 million during the quarter, compared to analyst estimates of $234.98 million. On average, analysts predict that Arhaus, Inc. will post 0.63 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Signaturefd LLC acquired a new position in Arhaus in the 4th quarter worth $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of Arhaus in the 4th quarter valued at about $29,000. UBS Group AG acquired a new stake in shares of Arhaus in the 1st quarter valued at about $36,000. Lazard Asset Management LLC acquired a new stake in shares of Arhaus in the 4th quarter valued at about $75,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Arhaus in the 1st quarter valued at about $99,000. Hedge funds and other institutional investors own 92.54% of the company’s stock.
Arhaus Company Profile (Get Rating)
Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.
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