Arhaus (NASDAQ:ARHS) Rating Reiterated by Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $18.00 price target on the stock. Telsey Advisory Group’s target price points to a potential upside of 33.23% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Robert W. Baird lifted their target price on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Stifel Nicolaus started coverage on shares of Arhaus in a research report on Tuesday, July 9th. They set a “buy” rating and a $19.50 price objective on the stock. Jefferies Financial Group lowered 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 research report on Monday, July 8th. TD Cowen lifted their price target on shares of Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, May 20th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.86.

Arhaus Stock Performance

Shares of ARHS stock traded down $0.15 during trading hours on Monday, reaching $13.51. The company had a trading volume of 310,715 shares, compared to its average volume of 1,197,905. Arhaus has a one year low of $7.56 and a one year high of $19.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The business has a fifty day moving average price of $16.94 and a 200-day moving average price of $15.06. The firm has a market cap of $1.90 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.13 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last issued 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. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The company had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Sell-side analysts predict that Arhaus will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arhaus news, CFO Dawn Phillipson sold 150,000 shares of Arhaus 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 sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the chief financial officer now owns 499,555 shares in the company, valued at $9,476,558.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,960 shares of company stock worth $2,978,281. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently modified their holdings of the company. National Bank of Canada FI raised its stake in Arhaus by 647.1% during the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock worth $74,000 after acquiring an additional 5,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 purchasing an additional 3,635 shares during the period. Sapient Capital LLC purchased a new position in Arhaus during the 4th quarter worth approximately $118,000. Counterpoint Mutual Funds LLC acquired a new position in Arhaus during the fourth quarter worth approximately $119,000. Finally, Versor Investments LP acquired a new stake in shares of Arhaus in the fourth quarter valued at approximately $171,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Company Profile

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.