Arhaus, Inc. (NASDAQ:ARHS) Lockup Period Set to Expire May 3

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Arhaus’ (NASDAQ: ARHSGet a rating) the retention period is due to expire on Tuesday, May 3. Arhaus had issued 12,903,226 shares when it went public on November 4. The total offer size was $167,741,938 based on an initial share price of $13.00. After the company’s lock-up period ends, company insiders and major shareholders will be able to sell their shares of the company.

Several analysts have recently weighed in on ARHS shares. Telsey Advisory Group raised its price target on Arhaus from $11.00 to $12.00 and gave the stock an “outperform” rating in a Thursday, March 31 report. Jefferies Financial Group set a price target of $17.00 on Arhaus shares in a Tuesday, January 4, report. Guggenheim cut its price target on Arhaus shares from $14.00 to $12.00 and set a “buy” rating on the stock in a Tuesday, April 5 report. To finish, Zacks Investment Research downgraded Arhaus shares from a “hold” rating to a “sell” rating in a Monday, March 28 report. One analyst gave the stock a sell rating, one issued a hold rating and eight issued the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $13.69.

Shares of Stock Arhaus opened at $7.50 on Tuesday. Arhaus has a 1-year low of $6.17 and a 1-year high of $14.95. The company’s 50-day simple moving average is $7.43.

Arhaus (NASDAQ: ARHSGet a rating) last announced its results on Wednesday, March 30. The company reported EPS of $0.14 for the quarter, beating the consensus estimate of $0.04 by $0.10. On average, research analysts expect Arhaus to post earnings per share of 0.59 for the current year.

Institutional investors have recently increased or reduced their stake in the stock. Signaturefd LLC acquired a new position in Arhaus stock during Q4 worth $27,000. Point72 Hong Kong Ltd bought a new stake in Arhaus in Q4, valued at around $29,000. Lazard Asset Management LLC bought a new stake in Arhaus in Q4 valued at around $75,000. Beacon Investment Advisory Services Inc. acquired a new stake in Arhaus in Q4, valued at approximately $165,000. Finally, Brown Advisory Inc. bought a new stake in Arhaus in the 4th quarter valued at approximately $174,000. Institutional investors hold 88.24% of the company’s shares.

Arhaus Company Profile (Get a rating)

Arhaus, Inc offers assortments of merchandise in various categories including furniture, lighting, textiles, decor, and outdoor furniture that includes furniture for bedrooms, dining rooms, living rooms, offices home textile products include handcrafted indoor and outdoor rugs, bed sheets, pillows and throws home décor products include wall art, mirrors, vases, candles and other decorative accessories and outdoor products include outdoor dining tables, chairs, loungers and other furniture, lighting, textiles, decor, umbrellas and fire pits.

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