Arhaus (NASDAQ:ARHS) Stock Price Up 6.6% – Here’s Why

Shares of Arhaus, Inc. (NASDAQ:ARHS) were up 6.6% on Thursday. The company traded as high as $9.83 and last traded at $9.9160. Approximately 87,138 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,347,058 shares. The stock had previously closed at $9.30.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARHS shares. Piper Sandler upped their target price on shares of Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Morgan Stanley raised their price target on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, August 6th. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $10.00 in a research note on Monday, September 21st. Finally, Robert W. Baird set a $10.00 price objective on Arhaus in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.22.

Arhaus Stock Up 9.2%

The firm’s fifty day simple moving average is $9.12 and its 200 day simple moving average is $7.86. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 3.03 and a beta of 2.29.

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

Insider Transactions at Arhaus

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of Arhaus stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total transaction of $29,645.00. Following the completion of the sale, the director directly owned 87,113 shares of the company’s stock, valued at $737,847.11. The trade was a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Arhaus by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock valued at $7,994,000 after purchasing an additional 185,208 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in Arhaus by 2.1% in the first 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 in the last quarter. Granite Investment Partners LLC boosted its holdings in Arhaus by 14.0% in the first 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Arhaus by 95.1% in the first 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 during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.

Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.

Arhaus primarily serves customers in the United States through its showrooms and online sales channels.