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

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

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $15.90 on Friday. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.23 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.48 and a beta of 2.58. The company has a 50 day moving average of $16.69 and a 200 day moving average of $14.38.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. As a group, sell-side analysts forecast that Arhaus will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARHS. Telsey Advisory Group reissued an “outperform” rating and set a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. TD Cowen raised their target price on Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Robert W. Baird boosted their price objective on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Piper Sandler reiterated an “overweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Arhaus in a research note on Friday, May 10th. Finally, Bank of America upped their price target on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and an average target price of $16.56.

Insider Buying and Selling

In other news, CFO Dawn Phillipson sold 150,000 shares of the stock in a transaction dated Monday, June 10th. The shares were 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 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 accessible through the SEC website. In other Arhaus news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now 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 can be accessed through the SEC website. Also, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.97, for a total value of $2,845,500.00. Following the completion of the transaction, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. 1.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of ARHS. National Bank of Canada FI grew its position in Arhaus by 647.1% in the fourth 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 grew its position in Arhaus by 68.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock valued at $106,000 after acquiring an additional 3,635 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of Arhaus during the fourth quarter worth approximately $118,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Arhaus in the 4th quarter worth approximately $119,000. Finally, Aspiriant LLC purchased a new stake in shares of Arhaus in the 1st quarter valued at $204,000. Institutional investors 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.