Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.26 and last traded at $6.3050, with a volume of 52524 shares trading hands. The stock had previously closed at $6.54.
Analyst Upgrades and Downgrades
ARHS has been the subject of a number of recent research reports. TD Cowen cut their price target on Arhaus from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group reissued a “hold” rating and issued a $9.50 price target on shares of Arhaus in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Arhaus in a research report on Monday, December 29th. Morgan Stanley lifted their target price on shares of Arhaus from $10.50 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Finally, Telsey Advisory Group increased their price target on shares of Arhaus from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.70.
View Our Latest Report on Arhaus
Arhaus Trading Down 3.2%
Arhaus (NASDAQ:ARHS – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $364.85 million for the quarter, compared to the consensus estimate of $351.53 million. Arhaus had a return on equity of 17.32% and a net margin of 4.88%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. On average, research analysts expect that Arhaus, Inc. will post 0.46 EPS for the current year.
Arhaus Announces Dividend
The company also recently declared a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, March 18th.
Institutional Investors Weigh In On Arhaus
A number of hedge funds have recently bought and sold shares of ARHS. State of Alaska Department of Revenue acquired a new position in shares of Arhaus during the 3rd quarter worth about $28,000. Larson Financial Group LLC boosted its stake in Arhaus by 89.8% during the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock valued at $30,000 after purchasing an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Arhaus in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC acquired a new stake in Arhaus in the 4th quarter valued at approximately $39,000. Finally, Johnson Investment Counsel Inc. bought a new position in Arhaus in the 3rd quarter worth approximately $49,000. 27.88% of the stock is currently owned by institutional investors.
Arhaus Company Profile
Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.
The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.
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