Jefferies Financial Group Lowers Arhaus (NASDAQ:ARHS) to Hold

Jefferies Financial Group lowered shares of Arhaus (NASDAQ:ARHSFree Report) from a buy rating to a hold rating in a report issued on Monday morning, Marketbeat.com reports. The firm currently has $16.00 target price on the stock, down from their prior target price of $22.00.

Several other brokerages have also recently weighed in on ARHS. Piper Sandler reiterated an overweight rating and issued a $20.00 target price (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Bank of America upped their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Telsey Advisory Group reissued an outperform rating and set a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. Robert W. Baird boosted their price target on shares of Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a report on Friday, May 10th. Finally, TD Cowen increased their price objective on shares of Arhaus from $18.00 to $19.00 and gave the company a buy rating in a research note on Monday, May 20th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $16.77.

Get Our Latest Report on ARHS

Arhaus Trading Up 2.0 %

ARHS stock opened at $14.97 on Monday. The company has a market capitalization of $2.10 billion, a PE ratio of 19.70, a P/E/G ratio of 2.30 and a beta of 2.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The firm’s 50-day moving average is $16.84 and its 200 day moving average is $14.52.

Arhaus (NASDAQ:ARHSGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. On average, research analysts anticipate that Arhaus will post 0.76 EPS for the current year.

Insider Buying and Selling

In other Arhaus news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at $1,316,544.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Dawn Phillipson sold 150,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the transaction, the insider now owns 68,785 shares in the company, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by company insiders.

Institutional Trading of Arhaus

Large investors have recently bought and sold shares of the stock. Wasatch Advisors LP raised its holdings in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after buying an additional 5,233,776 shares during the last quarter. Vanguard Group Inc. raised its stake in Arhaus by 61.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after acquiring an additional 1,159,856 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in Arhaus during the 4th quarter worth about $6,487,000. Price T Rowe Associates Inc. MD purchased a new stake in Arhaus during the 1st quarter valued at about $8,326,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Arhaus in the first quarter valued at about $8,301,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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.