Arhaus (NASDAQ:ARHS) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Arhaus (NASDAQ:ARHS) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $19.50 target price on the stock.

ARHS has been the topic of a number of other reports. Jefferies Financial Group cut shares of Arhaus from a buy rating to a hold rating and decreased their price objective for the company from $22.00 to $16.00 in a research note on Monday, July 8th. Robert W. Baird lifted their price target on Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a research note on Friday, May 10th. Telsey Advisory Group restated an outperform rating and set a $17.00 price objective on shares of Arhaus in a research report on Thursday, May 9th. Piper Sandler reaffirmed an overweight rating and issued a $20.00 price objective (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Finally, TD Cowen increased their target price on shares of Arhaus from $18.00 to $19.00 and gave the stock a buy rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $16.77.

Arhaus Stock Performance

NASDAQ:ARHS opened at $16.17 on Tuesday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.32 and a beta of 2.58. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The stock has a fifty day moving average price of $16.96 and a 200-day moving average price of $14.56.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The business had revenue of $295.16 million during the quarter, compared to analysts’ expectations of $263.23 million. As a group, equities analysts anticipate that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Activity at Arhaus

In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were 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 directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Lisa Chi sold 1,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was 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 owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at $9,476,558.35. The disclosure for this sale can be found here. 1.52% of the stock is owned by company insiders.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. Vanguard Group Inc. grew its holdings in Arhaus by 61.1% during 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 period. Daymark Wealth Partners LLC boosted its position in shares of Arhaus by 31.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 42,000 shares of the company’s stock valued at $498,000 after purchasing an additional 10,000 shares in the last quarter. Nordea Investment Management AB grew its stake in Arhaus by 50.0% during the fourth quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock worth $3,271,000 after purchasing an additional 91,356 shares during the period. Legato Capital Management LLC acquired a new stake in Arhaus during the fourth quarter worth approximately $846,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Arhaus in the fourth quarter worth approximately $161,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

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.