Arhaus’ (ARHS) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of Arhaus (NASDAQ:ARHS) in a report published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a $12.00 price target on the stock.

Other analysts have also issued reports about the stock. Robert W. Baird reduced their price target 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. Stifel Nicolaus cut their target price on Arhaus from $19.50 to $16.00 and set a buy rating for the company in a research report on Monday, August 12th. Telsey Advisory Group reiterated an outperform rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Craig Hallum cut their price objective on Arhaus from $21.00 to $14.00 and set a buy rating for the company in a report on Friday, August 9th. Finally, Barclays lowered their target price on Arhaus from $17.00 to $15.00 and set an overweight rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Arhaus currently has a consensus rating of Moderate Buy and an average price target of $14.09.

Arhaus Stock Performance

Shares of ARHS stock opened at $10.52 on Wednesday. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. The business has a 50 day simple moving average of $11.97 and a 200 day simple moving average of $14.62.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Arhaus will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 36,736 shares in the company, valued at $591,816.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Arhaus

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank purchased a new stake in Arhaus in the 2nd quarter worth about $30,000. Quest Partners LLC lifted its position in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Arhaus during the second quarter worth approximately $183,000. Ballentine Partners LLC purchased a new position in Arhaus during the first quarter valued at approximately $204,000. Finally, Aspiriant LLC acquired a new position in Arhaus in the 1st quarter valued at approximately $204,000. Institutional investors and hedge funds 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.