Arhaus, Inc. (NASDAQ:ARHS) Receives $15.00 Consensus Price Target from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.00.

ARHS has been the subject of several research reports. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays dropped their price target on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Craig Hallum reduced their price objective on Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Finally, Stifel Nicolaus reduced their price target on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 12th.

Insider Buying and Selling at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arhaus

A number of institutional investors have recently modified their holdings of the company. Amalgamated Bank purchased a new position in Arhaus during the 2nd quarter valued at about $30,000. Quest Partners LLC grew its holdings 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 valued at $121,000 after purchasing an additional 7,168 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Arhaus in the second quarter valued at approximately $183,000. Aspiriant LLC purchased a new stake in Arhaus during the 1st quarter worth approximately $204,000. Finally, Ballentine Partners LLC acquired a new stake in Arhaus during the 1st quarter worth approximately $204,000. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Price Performance

Shares of Arhaus stock opened at $13.14 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 17.29, a PEG ratio of 12.49 and a beta of 2.52. The business has a 50 day simple moving average of $13.22 and a two-hundred day simple moving average of $14.98. 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.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Arhaus will post 0.48 EPS for the current fiscal 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.