Arhaus (NASDAQ:ARHS) PT Lowered to $16.00 at Stifel Nicolaus

Arhaus (NASDAQ:ARHS) had its price target decreased by Stifel Nicolaus from $19.50 to $16.00 in a research report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research firms have also commented on ARHS. Barclays reduced their price objective on shares of Arhaus from $17.00 to $15.00 and set an overweight rating for the company in a research note on Friday, August 9th. Robert W. Baird reduced their price objective on shares of Arhaus from $18.00 to $14.00 and set an outperform rating for the company in a research note on Friday, August 9th. Craig Hallum reduced their price target on shares of Arhaus from $21.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. Piper Sandler restated 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. Finally, Telsey Advisory Group restated an outperform rating and set a $15.00 price target on shares of Arhaus in a report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Arhaus presently has a consensus rating of Moderate Buy and an average price target of $15.00.

Arhaus Stock Performance

NASDAQ:ARHS opened at $11.94 on Monday. Arhaus has a twelve month low of $7.56 and a twelve month high of $19.81. 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 company has a 50-day moving average of $16.06 and a 200-day moving average of $15.09. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The company had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts forecast that Arhaus will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares in the company, valued at $591,816.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Dawn Phillipson sold 150,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 499,555 shares in the company, valued at $9,476,558.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. The disclosure for this sale can be found here. Insiders have sold 157,960 shares of company stock worth $2,978,281 in the last quarter. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arhaus

Several large investors have recently modified their holdings of the stock. Wasatch Advisors LP increased its holdings in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after purchasing an additional 5,233,776 shares in the last quarter. Vanguard Group Inc. boosted its position 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 worth $67,518,000 after purchasing an additional 463,749 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after purchasing an additional 2,219,554 shares in the last quarter. Hood River Capital Management LLC lifted its position in Arhaus by 0.6% in the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after acquiring an additional 8,824 shares in the last quarter. Finally, Summit Creek Advisors LLC lifted its position in Arhaus by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after acquiring an additional 8,461 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.