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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.90.

Several research analysts have recently commented on ARHS shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Wedbush lowered their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Stifel Nicolaus lowered their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th.

Institutional Trading of Arhaus

Hedge funds have recently bought and sold shares of the stock. Carnegie Investment Counsel increased its holdings in shares of Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock worth $3,628,000 after purchasing an additional 188,240 shares during the last quarter. LMR Partners LLP purchased a new position in Arhaus during the 3rd quarter valued at approximately $4,308,000. Sei Investments Co. increased its stake in Arhaus by 25.6% in the 2nd quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock worth $8,154,000 after acquiring an additional 98,240 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Arhaus during the 3rd quarter worth approximately $814,000. Finally, Geode Capital Management LLC boosted its position in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after acquiring an additional 134,312 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of NASDAQ ARHS opened at $9.19 on Friday. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $9.71 and a 200 day moving average of $11.98.

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