Arhaus, Inc. (NASDAQ:ARHS) Receives $14.09 Average PT from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.73.

Several brokerages have recently commented on ARHS. Barclays cut their price target on Arhaus from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus reduced their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Wedbush initiated coverage on shares of Arhaus in a research report on Friday, October 11th. They issued a “neutral” rating and a $11.00 price target for the company. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price objective on shares of Arhaus in a report on Monday, August 12th. Finally, Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th.

Insider Activity

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the completion of the sale, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new stake in shares of Arhaus during the second quarter valued at $30,000. Quest Partners LLC grew its stake in Arhaus by 716,800.0% during the 2nd 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 during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Arhaus in the second quarter valued at about $183,000. Ballentine Partners LLC purchased a new position in shares of Arhaus in the first quarter worth about $204,000. Finally, Aspiriant LLC acquired a new stake in shares of Arhaus during the first quarter worth about $204,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Price Performance

Arhaus stock opened at $9.62 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. The firm has a 50-day moving average of $11.80 and a two-hundred day moving average of $14.54. Arhaus has a 1 year low of $7.56 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, research analysts forecast that Arhaus will post 0.48 earnings per share for the current 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.