Arhaus (NASDAQ:ARHS) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research report report published on Monday morning, Benzinga reports. Telsey Advisory Group currently has a $15.00 target price on the stock.

A number of other research analysts have also issued reports on ARHS. Barclays dropped their price objective on shares of Arhaus from $17.00 to $15.00 and set an overweight rating for the company in a report on Friday, August 9th. 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. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an outperform rating on the stock in a report on Friday, August 9th. Stifel Nicolaus initiated coverage on shares of Arhaus in a report on Tuesday, July 9th. They set a buy rating and a $19.50 price target for the company. Finally, TD Cowen reduced their price objective on shares of Arhaus from $19.00 to $14.00 and set a buy rating on the stock in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned 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

Arhaus stock opened at $11.78 on Monday. The business’s 50-day moving average price is $16.06 and its two-hundred day moving average price is $15.09. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.65 billion, a PE ratio of 15.57, a P/E/G ratio of 2.13 and a beta of 2.57.

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

Insiders Place Their Bets

In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Lisa Chi sold 1,500 shares of the firm’s stock in a transaction dated 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 directly owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the company’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 completion of the sale, the chief financial officer now directly owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,960 shares of company stock worth $2,978,281. Insiders own 1.52% of the company’s stock.

Institutional Trading of Arhaus

Hedge funds have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new position in Arhaus in the 2nd quarter valued at $244,000. The Manufacturers Life Insurance Company purchased a new position in shares of Arhaus in the 2nd quarter worth about $331,000. Interval Partners LP boosted its holdings in shares of Arhaus by 9.4% in the 2nd quarter. Interval Partners LP now owns 772,288 shares of the company’s stock worth $13,083,000 after buying an additional 66,583 shares during the last quarter. Sei Investments Co. grew its position in Arhaus by 25.6% during the second quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after buying an additional 98,240 shares during the period. Finally, Divisadero Street Capital Management LP bought a new position in shares of Arhaus during the 2nd quarter valued at approximately $7,641,000. 27.88% of the stock is currently owned by 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.