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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.90.

A number of research firms have weighed in on ARHS. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Telsey Advisory Group raised Arhaus from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $11.00 to $12.00 in a research note on Thursday, November 14th. Bank of America cut shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th.

Institutional Investors Weigh In On Arhaus

A number of institutional investors and hedge funds have recently made changes to their positions in ARHS. JPMorgan Chase & Co. increased its holdings in Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Arhaus during the third quarter worth $814,000. Geode Capital Management LLC grew its stake in shares of Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after buying an additional 134,312 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Arhaus in the 3rd quarter valued at $236,000. Finally, Wellington Management Group LLP lifted its stake in Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after acquiring an additional 636,691 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Stock Down 1.6 %

NASDAQ ARHS opened at $9.26 on Friday. The business has a fifty day moving average price of $9.67 and a 200 day moving average price of $12.38. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The company has a market cap of $1.30 billion, a P/E ratio of 16.54, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a one year low of $8.30 and a one year high of $19.81.

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

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.