Arhaus, Inc. (NASDAQ:ARHS) Receives Average Recommendation of “Moderate Buy” from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.20.

Several brokerages have recently issued reports on ARHS. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $11.00 in a research report on Thursday. Barclays reduced their price objective on Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Telsey Advisory Group restated an “outperform” rating and issued a $12.00 price objective on shares of Arhaus in a research report on Thursday. Finally, TD Cowen dropped their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after acquiring an additional 463,749 shares during the last quarter. American Century Companies Inc. increased its stake in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the last quarter. Hood River Capital Management LLC increased its stake in Arhaus by 0.6% during the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock worth $23,813,000 after acquiring an additional 8,824 shares during the last quarter. Emerald Advisers LLC increased its stake in Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after acquiring an additional 32,077 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its stake in Arhaus by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after acquiring an additional 8,461 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Stock Up 6.4 %

ARHS opened at $9.70 on Friday. The business’s fifty day moving average is $10.70 and its two-hundred day moving average is $13.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 9.98 and a beta of 2.58. Arhaus has a one year low of $8.04 and a one year high of $19.81.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $314.28 million. During the same period in the previous year, the business earned $0.29 earnings per share. Arhaus’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that Arhaus will post 0.47 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.