Arhaus Inc (NASDAQ: ARHS) stock jumped 0.23% on Monday to $8.67 against a previous-day closing price of $8.65. With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.84 million shares. During the session, the Home Improvement Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $8.74 whereas the lowest price it dropped to was $8.49. The 52-week range on ARHS shows that it touched its highest point at $15.27 and its lowest point at $6.75 during that stretch. It currently has a 1-year price target of $12.94. Beta for the stock currently stands at 2.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARHS was up-trending over the past week, with a rise of 2.48%, but this was down by -2.36% over a month. Three-month performance dropped to -11.53% while six-month performance rose 16.93%. The stock gained 3.96% in the past year, while it has lost -11.08% so far this year. A look at the trailing 12-month EPS for ARHS yields 1.01 with Next year EPS estimates of 0.76. For the next quarter, that number is 0.16. This implies an EPS growth rate of -17.83% for this year and -9.33% for next year.
Float and Shares Shorts:
At present, 51.44 million ARHS shares are outstanding with a float of 38.42 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.85 million, which was 2.03% higher than short shares on Sep 28, 2023. In addition to Mr. John P. Reed as the firm’s Founder, Chairman, President, CEO & COO, Ms. Dawn Phillipson serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 92.07% of ARHS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.21% of ARHS, in contrast to 3.77% held by mutual funds. Shares owned by individuals account for 12.27%. As the largest shareholder in ARHS with 5.68% of the stake, The Vanguard Group, Inc. holds 3,018,003 shares worth 3,018,003. A second-largest stockholder of ARHS, Scopus Asset Management LP, holds 1,900,100 shares, controlling over 3.57% of the firm’s shares. Hood River Capital Management LLC is the third largest shareholder in ARHS, holding 1,824,634 shares or 3.43% stake. With a 1.87% stake in ARHS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 993,273 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.54% of ARHS stock, is the second-largest Mutual Fund holder. It holds 819,785 shares valued at 7.07 million. Vanguard Extended Market Index Fu holds 1.11% of the stake in ARHS, owning 587,727 shares worth 5.07 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARHS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARHS analysts setting a high price target of $15.00 and a low target of $9.00, the average target price over the next 12 months is $12.94. Based on these targets, ARHS could surge 73.01% to reach the target high and rise by 3.81% to reach the target low. Reaching the average price target will result in a growth of 49.25% from current levels.
Summary of Insider Activity:
Insiders traded ARHS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 160,235 while 14,076,782 shares were sold.
