Arhaus (NASDAQ:ARHS) Reaches New 1-Year High – Should You Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $12.09 and last traded at $12.10, with a volume of 54,985 shares changing hands. The stock had previously closed at $11.52.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARHS. Craig Hallum upgraded shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, August 6th. Wall Street Zen raised shares of Arhaus from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research upgraded shares of Arhaus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Jefferies Financial Group raised shares of Arhaus from a “hold” rating to a “buy” rating and raised their price target for the company from $9.50 to $10.00 in a research note on Monday, September 21st. Finally, Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.78.

Arhaus Trading Down 2.0%

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.61 and a beta of 2.29. The firm has a 50 day moving average price of $9.51 and a two-hundred day moving average price of $8.36. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.13.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The company had revenue of $384.90 million during the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, equities analysts forecast that Arhaus, Inc. will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total transaction of $29,645.00. Following the completion of the transaction, the director owned 87,113 shares in the company, valued at approximately $737,847.11. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Arhaus

A number of institutional investors have recently modified their holdings of ARHS. Bank of America Corp DE grew its holdings in Arhaus by 2.1% during the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after acquiring an additional 49,036 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Arhaus by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after acquiring an additional 185,208 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of Arhaus by 2.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock valued at $7,564,000 after purchasing an additional 22,580 shares during the period. Granite Investment Partners LLC lifted its stake in shares of Arhaus by 14.0% in the 1st quarter. Granite Investment Partners LLC now owns 460,322 shares of the company’s stock valued at $3,121,000 after purchasing an additional 56,628 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Arhaus by 95.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after purchasing an additional 223,692 shares in the last quarter. 27.88% of the stock is owned by institutional investors.

About Arhaus

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.