Arhaus (NASDAQ:ARHS) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Arhaus (NASDAQ:ARHSFree Report) from a buy rating to a hold rating in a research note released 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.

A number of other equities analysts have also weighed in on the company. TD Cowen upped their target price on Arhaus from $18.00 to $19.00 and gave the stock a buy rating in a research note on Monday, May 20th. Piper Sandler reissued an overweight rating and set a $20.00 price objective (up previously from $19.00) on shares of Arhaus in a report on Friday, May 10th. Robert W. Baird raised their target price on shares of Arhaus from $16.00 to $18.00 and gave the company an outperform rating in a research note on Friday, May 10th. Bank of America boosted their price target 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $16.77.

Check Out Our Latest Report on ARHS

Arhaus Price Performance

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

Arhaus (NASDAQ:ARHSGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $295.16 million during the quarter, compared to the consensus estimate of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. As a group, sell-side analysts forecast that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 499,555 shares in the company, valued at $9,476,558.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the transaction, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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. 1.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP raised its holdings in Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after buying an additional 5,233,776 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after acquiring an additional 463,749 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in shares of Arhaus by 0.6% during the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock worth $23,813,000 after purchasing an additional 8,824 shares during the period. Summit Creek Advisors LLC grew its stake in shares of Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after purchasing an additional 8,461 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Arhaus by 24.5% during the 4th quarter. Wellington Management Group LLP now owns 1,123,956 shares of the company’s stock valued at $13,319,000 after purchasing an additional 221,009 shares during the period. 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.

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Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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