Alton F. Doody III Acquires 11,500 Shares of Arhaus, Inc. (NASDAQ:ARHS) Stock

Arhaus, Inc. (NASDAQ:ARHS – Get Rating) Director Alton F. Doody III acquired 11,500 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were bought at an average price of $8.84 per share, for a total transaction of $101,660.00. Following the purchase, the director now owns 35,000 shares in the company, valued at $309,400. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Arhaus Stock Down 5.1 %

ARHS opened at $8.52 on Friday. Arhaus, Inc. has a 1-year low of $4.23 and a 1-year high of $15.27. The stock’s fifty day simple moving average is $13.04 and its 200 day simple moving average is $10.22. The company has a current ratio of 1.28, a quick ratio of 0.51 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.19 billion, a PE ratio of 8.69 and a beta of 2.69.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARHS. Telsey Advisory Group upped their price objective on Arhaus from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, March 6th. Barclays dropped their price objective on Arhaus from $16.00 to $14.00 in a research note on Friday, March 10th. Bank of America upped their price objective on Arhaus from $12.00 to $16.50 in a research note on Wednesday, January 11th. Piper Sandler dropped their price objective on Arhaus from $16.00 to $13.00 in a research note on Friday, March 10th. Finally, Morgan Stanley dropped their price objective on Arhaus from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Monday, March 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.50.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently added to or reduced their stakes in ARHS. Acadian Asset Management LLC bought a new position in Arhaus during the 1st quarter worth $749,000. Blair William & Co. IL increased its position in Arhaus by 38.9% during the 1st quarter. Blair William & Co. IL now owns 36,611 shares of the company’s stock worth $312,000 after buying an additional 10,258 shares during the period. 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 worth $75,000 after buying an additional 3,213 shares during the period. Northern Trust Corp increased its position in Arhaus by 136.8% during the 1st quarter. Northern Trust Corp now owns 87,684 shares of the company’s stock worth $747,000 after buying an additional 50,659 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Arhaus during the 1st quarter worth $1,905,000. Institutional investors own 30.55% of the company’s stock.

Arhaus Company Profile

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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.