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

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

ARHS has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. TD Cowen lowered 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. Stifel Nicolaus lowered their target price on Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Telsey Advisory Group restated an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a research note on Monday, August 12th. Finally, Bank of America lowered their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

Insider Buying and Selling

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus 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 $591,816.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARHS. Amalgamated Bank bought a new position in Arhaus during the second quarter worth about $30,000. Quest Partners LLC boosted its holdings in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after buying an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new position in shares of Arhaus during the 2nd quarter valued at about $183,000. Ballentine Partners LLC bought a new position in shares of Arhaus during the 1st quarter valued at about $204,000. Finally, Aspiriant LLC bought a new position in shares of Arhaus during the 1st quarter valued at about $204,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Down 2.3 %

Shares of NASDAQ ARHS opened at $9.34 on Monday. The stock has a market cap of $1.31 billion, a PE ratio of 12.29, a PEG ratio of 12.08 and a beta of 2.51. The business has a fifty day moving average of $11.60 and a two-hundred day moving average of $14.43. Arhaus has a 52-week low of $7.56 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data 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 company had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. As a group, equities research analysts expect that Arhaus will post 0.48 earnings per share 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.