Stifel Nicolaus Initiates Coverage on Arhaus (NASDAQ:ARHS)

Equities researchers at Stifel Nicolaus began coverage on shares of Arhaus (NASDAQ:ARHS) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $19.50 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 30.26% from the company’s current price.

A number of other research firms also recently commented on ARHS. Piper Sandler reaffirmed an “overweight” rating and set a $20.00 target price (up previously from $19.00) on shares of Arhaus in a report on Friday, May 10th. Bank of America raised their price objective on Arhaus from $14.50 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $17.00 target price on shares of Arhaus in a research note on Thursday, May 9th. Jefferies Financial Group cut shares of Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $16.00 in a report on Monday. Finally, Robert W. Baird lifted their price target on shares of Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.77.

Arhaus Stock Up 2.0 %

Shares of NASDAQ:ARHS opened at $14.97 on Tuesday. The firm has a market cap of $2.10 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.30 and a beta of 2.58. The company has a fifty day simple moving average of $16.84 and a 200 day simple 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. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81.

Arhaus (NASDAQ:ARHS) last released its earnings results 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. The company 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%. On average, equities research analysts anticipate that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Activity

In related news, insider Lisa Chi sold 1,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of the firm’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 transaction, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa Chi sold 1,500 shares of the company’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 completion of the sale, the insider now directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The disclosure for this sale can be found here. Corporate insiders own 1.78% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GoodHaven Capital Management LLC increased its position 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 purchasing an additional 1,000 shares during the period. Olympiad Research LP raised its position in Arhaus by 12.1% in the fourth 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 lifted its holdings in Arhaus by 68.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares during the last quarter. Nordea Investment Management AB boosted its position 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 purchasing an additional 4,169 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of Arhaus by 2.1% in the 4th quarter. Hilltop Holdings Inc. now owns 247,149 shares of the company’s stock worth $2,929,000 after purchasing an additional 5,074 shares during the last quarter. 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.