Arhaus, Inc. (NASDAQ:ARHS) Receives $10.12 Average Price Target from Analysts

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.1250.

Several brokerages have weighed in on ARHS. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Piper Sandler raised their target price on shares of Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Telsey Advisory Group raised their target price on shares of Arhaus from $8.00 to $10.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Morgan Stanley lifted their target price on shares of Arhaus from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $10.00 price target on shares of Arhaus in a report on Friday, August 7th.

Arhaus Price Performance

Shares of Arhaus stock opened at $7.20 on Monday. Arhaus has a 52-week low of $5.57 and a 52-week high of $12.08. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.31 and a beta of 2.30. The company has a fifty day moving average of $8.46 and a 200-day moving average of $7.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The company had revenue of $384.90 million during the quarter, compared to analyst estimates of $365.66 million. During the same quarter in the previous year, the company posted $0.25 EPS. Arhaus’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that Arhaus will post 0.54 EPS for the current year.

Insider Transactions at Arhaus

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director owned 87,113 shares in the company, valued at approximately $737,847.11. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is currently owned by company insiders.

Institutional Trading of Arhaus

A number of institutional investors have recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in Arhaus during the 2nd quarter valued at about $34,000. Fifth Third Bancorp purchased a new stake in Arhaus in the 1st quarter worth approximately $40,000. Abel Hall LLC bought a new stake in shares of Arhaus in the 1st quarter worth approximately $68,000. Squarepoint Ops LLC bought a new stake in shares of Arhaus in the 2nd quarter worth approximately $96,000. Finally, MQS Management LLC purchased a new position in shares of Arhaus during the first quarter valued at approximately $107,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.