Stifel Nicolaus Begins Coverage on Arhaus (NASDAQ:ARHS)

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

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Arhaus from a buy rating to a hold rating and decreased their price target for the company from $22.00 to $16.00 in a report on Monday, July 8th. Robert W. Baird raised their target price on Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a report on Friday, May 10th. Piper Sandler reiterated an overweight rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a report on Friday, May 10th. Bank of America increased their price objective on Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.77.

Arhaus Stock Up 0.8 %

Shares of ARHS stock opened at $16.17 on Tuesday. The stock’s 50 day simple moving average is $16.96 and its 200 day simple moving average is $14.56. Arhaus has a twelve month low of $7.56 and a twelve month 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 company has a market capitalization 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 (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The company had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. As a group, research analysts predict that Arhaus will post 0.76 EPS for the current year.

Insider Transactions at Arhaus

In related news, 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 value of $28,710.00. Following 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 SEC, which is accessible through this hyperlink. In related news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the sale, the chief financial officer now 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 insiders.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently made changes to their positions in ARHS. GoodHaven Capital Management LLC grew its stake in Arhaus by 0.5% during the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock worth $2,484,000 after buying an additional 1,000 shares during the last quarter. Olympiad Research LP boosted its holdings in shares of Arhaus by 12.1% in the 4th quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after acquiring an additional 2,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after acquiring an additional 3,635 shares during the last quarter. Nordea Investment Management AB increased its holdings in Arhaus by 1.5% during the 1st quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock valued at $4,436,000 after purchasing an additional 4,169 shares in the last quarter. Finally, Hilltop Holdings Inc. raised its position in Arhaus by 2.1% in the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock valued at $2,929,000 after purchasing an additional 5,074 shares during the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

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.