Alton F. Doody III Acquires 11,750 Shares of Arhaus, Inc. (NASDAQ:ARHS) Stock

Arhaus, Inc. (NASDAQ:ARHSGet Rating) Director Alton F. Doody III bought 11,750 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were bought at an average price of $8.50 per share, with a total value of $99,875.00. Following the completion of the transaction, the director now owns 23,500 shares of the company’s stock, valued at $199,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Arhaus Stock Down 0.4 %

Shares of NASDAQ ARHS opened at $8.42 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.07 and a debt-to-equity ratio of 0.42. Arhaus, Inc. has a 52 week low of $4.23 and a 52 week high of $14.95. The firm’s fifty day moving average is $7.23 and its 200 day moving average is $6.81. The company has a market cap of $1.18 billion and a price-to-earnings ratio of 14.52.

Arhaus (NASDAQ:ARHSGet Rating) last issued its earnings results on Thursday, August 11th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.12 by $0.16. Arhaus had a net margin of 7.59% and a return on equity of 134.88%. On average, equities research analysts expect that Arhaus, Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

ARHS has been the subject of several research analyst reports. Barclays dropped their target price on shares of Arhaus from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, August 15th. Telsey Advisory Group dropped their target price on shares of Arhaus from $12.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. Morgan Stanley boosted their price objective on shares of Arhaus from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Friday, August 12th. Finally, Piper Sandler lowered their price objective on shares of Arhaus from $15.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Arhaus currently has an average rating of “Moderate Buy” and a consensus price target of $12.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Gleason Group Inc. increased its position in Arhaus by 11.9% during the 1st quarter. Gleason Group Inc. now owns 14,908 shares of the company’s stock valued at $127,000 after purchasing an additional 1,585 shares during the period. Signaturefd LLC increased its position in Arhaus by 100.0% during the 1st quarter. Signaturefd LLC now owns 4,000 shares of the company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the period. Point72 Hong Kong Ltd purchased a new position in Arhaus during the 4th quarter valued at $29,000. Hood River Capital Management LLC increased its position in Arhaus by 0.3% during the 1st quarter. Hood River Capital Management LLC now owns 891,643 shares of the company’s stock valued at $7,588,000 after purchasing an additional 2,415 shares during the period. Finally, Lazard Asset Management LLC increased its position in Arhaus by 56.6% during the 1st quarter. Lazard Asset Management LLC now owns 8,892 shares of the company’s stock valued at $75,000 after purchasing an additional 3,213 shares during the period. 30.46% of the stock is owned by hedge funds and other institutional investors.

About Arhaus

(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.

Further Reading

Insider Buying and Selling by Quarter for Arhaus (NASDAQ:ARHS)

Receive News & Ratings for Arhaus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arhaus and related companies with MarketBeat.com's FREE daily email newsletter.