Stifel Financial Corp Sells 3,129 Shares of Arhaus, Inc. (NASDAQ:ARHS)

Stifel Financial Corp lowered its holdings in Arhaus, Inc. (NASDAQ:ARHS) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,166 shares of the company’s stock after selling 3,129 shares during the quarter. Stifel Financial Corp’s holdings in Arhaus were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Amalgamated Bank purchased a new stake in Arhaus during the second quarter worth $30,000. Quantbot Technologies LP bought a new stake in Arhaus during the third quarter valued at about $43,000. Quest Partners LLC boosted its position in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC purchased a new position in Arhaus in the third quarter valued at about $131,000. Finally, Ground Swell Capital LLC bought a new position in Arhaus in the second quarter worth about $183,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Trading Down 1.7 %

Arhaus stock opened at $9.41 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 16.80, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus, Inc. has a 12 month low of $8.30 and a 12 month high of $19.81. The stock’s 50 day simple moving average is $9.67 and its two-hundred day simple moving average is $12.40. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. During the same period last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Stifel Nicolaus lowered their price objective on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Finally, Wedbush cut their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.90.

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.