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

by · The Cerbat Gem

Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) major shareholder 2018 Reed Dynasty Trust sold 50,270 shares of Arhaus stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $12.02, for a total value of $604,245.40. Following the sale, the insider directly 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 transaction of $1,012,365.85.

Arhaus Stock Down 1.6%

NASDAQ:ARHS traded down $0.21 during midday trading on Thursday, hitting $12.94. 4,352,843 shares of the company were exchanged, compared to its average volume of 1,415,924. Arhaus, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $13.36. The company has a market capitalization of $1.83 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.42 and a beta of 2.24. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $8.38.

Arhaus (NASDAQ:ARHS – Get Free Report) last announced 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). The business had revenue of $368.12 million for the quarter, compared to analysts’ expectations of $370.56 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. As a group, equities analysts anticipate that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Telsey Advisory Group lifted their price target on Arhaus from $10.00 to $11.00 and gave the company a “market perform” rating in a research note on Tuesday, October 20th. Zacks Research raised Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Craig Hallum raised Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 6th. Finally, Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $10.00 in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Arhaus has a consensus rating of “Moderate Buy” and an average price target of $10.78.

Check Out Our Latest Research Report on Arhaus

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently modified their holdings of ARHS. Dimensional Fund Advisors LP raised its holdings in shares of Arhaus by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after acquiring an additional 185,208 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Arhaus by 95.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Arhaus during the second quarter valued at $1,582,000. Engineers Gate Manager LP boosted its stake in shares of Arhaus by 54.4% during the second quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after acquiring an additional 75,371 shares during the last quarter. Finally, Hardin Capital Partners LLC purchased a new stake in Arhaus during the 2nd quarter worth about $672,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Trending Headlines about Arhaus

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About Arhaus

(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.

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