Arhaus (NASDAQ:ARHS) Shares Gap Up to $11.17

Arhaus, Inc. (NASDAQ:ARHS) shares gapped up before the market opened on Friday . The stock had previously closed at $11.17, but opened at $11.74. Arhaus shares last traded at $12.28, with a volume of 193,318 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on ARHS. Craig Hallum dropped their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $15.00 price objective on shares of Arhaus in a report on Monday, August 12th. Barclays decreased their price objective on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th. TD Cowen decreased their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Arhaus currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Arhaus Stock Performance

The firm’s 50-day simple moving average is $13.51 and its two-hundred day simple moving average is $14.98. The stock has a market capitalization of $1.76 billion, a PE ratio of 16.53, a PEG ratio of 12.49 and a beta of 2.52. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts expect that Arhaus, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares of the company’s stock, valued at $591,816.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arhaus

Several institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Arhaus in the second quarter worth about $310,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Arhaus in the second quarter worth about $244,000. The Manufacturers Life Insurance Company bought a new stake in shares of Arhaus in the second quarter valued at about $331,000. Interval Partners LP increased its stake in Arhaus by 9.4% during the second quarter. Interval Partners LP now owns 772,288 shares of the company’s stock valued at $13,083,000 after acquiring an additional 66,583 shares during the period. Finally, Sei Investments Co. raised its holdings in Arhaus by 25.6% in the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after acquiring an additional 98,240 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. 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, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.