Arhaus (NASDAQ:ARHS) Stock: Insider 2018 Reed Dynasty Trust Sells 50,270 Shares

Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) major shareholder 2018 Reed Dynasty Trust sold 50,270 shares of the business’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $12.02, for a total value of $604,245.40. Following the completion of the transaction, the insider owned 142,622 shares of the company’s stock, valued at $1,714,316.44. This trade represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

2018 Reed Dynasty Trust also recently made the following trade(s):

  • On Wednesday, November 4th, 2018 Reed Dynasty Trust sold 77,695 shares of Arhaus stock. The shares were sold at an average price of $13.03, for a total value of $1,012,365.85.

Arhaus Trading Down 1.6%

Shares of NASDAQ ARHS traded down $0.21 during trading on Thursday, hitting $12.94. 4,352,843 shares of the company traded hands, compared to its average volume of 1,415,924. Arhaus, Inc. has a 1 year low of $5.57 and a 1 year high of $13.36. The company has a 50-day moving average price of $9.72 and a 200-day moving average price of $8.38. The firm has a market capitalization of $1.83 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.42 and a beta of 2.24. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.13.

Arhaus (NASDAQ:ARHS – Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Arhaus had a return on equity of 17.23% and a net margin of 4.91%. The business had revenue of $368.12 million for the quarter, compared to analyst estimates of $370.56 million. During the same period last year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Arhaus, Inc. will post 0.54 EPS for the current year.

Hedge Funds Weigh In On Arhaus

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Arhaus by 2.1% during the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock valued at $15,847,000 after purchasing an additional 49,036 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Arhaus by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after purchasing an additional 185,208 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of Arhaus by 2.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after purchasing an additional 22,580 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Arhaus by 14.0% in the 1st quarter. Granite Investment Partners LLC now owns 460,322 shares of the company’s stock worth $3,121,000 after purchasing an additional 56,628 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Arhaus by 95.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after purchasing an additional 223,692 shares during the period. Institutional investors own 27.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARHS. Telsey Advisory Group lifted their price target on shares of Arhaus from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 20th. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and increased their price objective for the company from $9.50 to $10.00 in a research note on Monday, September 21st. Zacks Research raised shares of Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Weiss Ratings raised shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Morgan Stanley upped their target price on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.78.

Check Out Our Latest Analysis on Arhaus

Key Headlines Impacting Arhaus

Here are the key news stories impacting Arhaus this week:

Arhaus Company Profile

(Get Free Report)

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.

Featured Articles

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.