Arhaus (NASDAQ:ARHS – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04, Briefing.com reports. The firm had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. Arhaus updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Arhaus Stock Up 4.6 %
ARHS stock opened at $12.66 on Friday. Arhaus has a 1-year low of $7.56 and a 1-year high of $19.81. The business’s 50 day simple moving average is $16.50 and its 200 day simple moving average is $15.09. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.78 billion, a PE ratio of 16.66, a PEG ratio of 2.13 and a beta of 2.57.
Insider Activity at Arhaus
In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was 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 in the company, valued at $591,816.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,960 shares of company stock worth $2,978,281. Company insiders own 1.52% of the company’s stock.
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About Arhaus
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.
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