Stifel Nicolaus Begins Coverage on Arhaus (NASDAQ:ARHS)

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

Several other brokerages also recently weighed in on ARHS. Piper Sandler restated an overweight rating and set a $20.00 price objective (up from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Telsey Advisory Group reaffirmed an outperform rating and issued a $17.00 price target on shares of Arhaus in a research note on Thursday, May 9th. 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 report on Wednesday, March 20th. Jefferies Financial Group downgraded Arhaus from a buy rating to a hold rating and decreased their price target for the stock from $22.00 to $16.00 in a report on Monday. Finally, Robert W. Baird upped their target price on shares of Arhaus from $16.00 to $18.00 and gave the stock an outperform rating in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $16.77.

Arhaus Trading Up 7.1 %

Shares of NASDAQ:ARHS opened at $16.04 on Tuesday. The business’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $14.53. Arhaus has a 1 year low of $7.56 and a 1 year high of $19.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The company has a market capitalization of $2.25 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.30 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The firm had revenue of $295.16 million during the quarter, compared to the consensus estimate of $263.23 million. On average, research analysts anticipate that Arhaus will post 0.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Dawn Phillipson sold 150,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $9,476,558.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the firm’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 transaction, the chief financial officer now directly 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 can be accessed through the SEC website. Also, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,316,544.90. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock valued at $28,450,000 after purchasing an additional 1,159,856 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Arhaus by 31.3% in the fourth quarter. Daymark Wealth Partners LLC now owns 42,000 shares of the company’s stock valued at $498,000 after acquiring an additional 10,000 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Arhaus by 50.0% during the fourth quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock valued at $3,271,000 after buying an additional 91,356 shares during the period. Legato Capital Management LLC bought a new position in shares of Arhaus in the 4th quarter worth approximately $846,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in Arhaus in the fourth quarter worth $161,000. Hedge funds and other institutional investors 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.