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

Jefferies Financial Group cut shares of Arhaus (NASDAQ:ARHS) from a buy rating to a hold rating in a research report released on Monday, Marketbeat Ratings reports. Jefferies Financial Group currently has $16.00 price target on the stock, down from their prior price target of $22.00.

Other analysts have also recently issued research reports about the company. TD Cowen increased their target price on Arhaus from $18.00 to $19.00 and gave the company a buy rating in a research report on Monday, May 20th. Bank of America increased their target price on Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research report on Wednesday, March 20th. 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. Piper Sandler reaffirmed an overweight rating and set a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Finally, Robert W. Baird increased their target price on Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. 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 Trading Up 7.1 %

ARHS opened at $16.04 on Monday. The stock’s fifty day moving average is $16.90 and its two-hundred day moving average is $14.53. The company has a market capitalization of $2.25 billion, a P/E ratio of 21.11, a PEG ratio of 2.30 and a beta of 2.58. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

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

Insider Transactions at Arhaus

In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of Arhaus 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 completion of the sale, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Arhaus news, insider Lisa Chi sold 1,500 shares of Arhaus stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of 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 accessible through this hyperlink. Also, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction dated 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 sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. Insiders own 1.78% of the company’s stock.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARHS. GoodHaven Capital Management LLC raised its stake in shares of Arhaus by 0.5% during the 4th quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after buying an additional 1,000 shares during the last quarter. Olympiad Research LP raised its stake in shares of Arhaus by 12.1% during the 4th quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after buying an additional 2,334 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after buying an additional 3,635 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of 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 buying an additional 4,169 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in shares of Arhaus by 2.1% during the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock valued at $2,929,000 after buying 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.