Investors Purchase High Volume of Put Options on Arhaus (NASDAQ:ARHS)

Arhaus, Inc. (NASDAQ:ARHS) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 25,128 put options on the company. This represents an increase of approximately 3,010% compared to the average volume of 808 put options.

Analyst Ratings Changes

ARHS has been the topic of a number of research analyst reports. Bank of America raised their target price on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Piper Sandler reissued an “overweight” rating and set a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. TD Cowen increased their target price on shares of Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, May 20th. 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.56.

Insiders Place Their Bets

In related news, CFO Dawn Phillipson sold 150,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 SEC, which is available at this link. In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were 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 in the company, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dawn Phillipson sold 150,000 shares of the stock in a transaction that occurred on 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 approximately $9,476,558.35. The disclosure for this sale can be found here. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voss Capital LLC boosted its stake in shares of Arhaus by 23.0% in the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock valued at $7,288,000 after purchasing an additional 115,000 shares during the last quarter. FACT Capital LP grew its holdings in Arhaus by 63.6% during the 4th quarter. FACT Capital LP now owns 798,931 shares of the company’s stock worth $9,467,000 after acquiring an additional 310,566 shares during the period. Nordea Investment Management AB raised its position in shares of Arhaus by 50.0% in the 4th quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock worth $3,271,000 after acquiring an additional 91,356 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Arhaus in the 4th quarter valued at about $2,132,000. Finally, Olympiad Research LP boosted its position in shares of Arhaus by 12.1% during the 4th quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after purchasing an additional 2,334 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

ARHS stock opened at $15.90 on Thursday. The company has a market capitalization of $2.23 billion, a P/E ratio of 20.92, a PEG ratio of 2.63 and a beta of 2.58. The company has a fifty day moving average price of $16.64 and a 200-day moving average price of $14.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. Arhaus has a 52-week low of $7.56 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its earnings results 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 firm had revenue of $295.16 million for the quarter, compared to the consensus estimate of $263.23 million. As a group, equities analysts expect that Arhaus will post 0.76 EPS for the current year.

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.