Arhaus, Inc. (NASDAQ:ARHS) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.90.

Several research firms have weighed in on ARHS. Telsey Advisory Group upgraded Arhaus from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $11.00 to $12.00 in a report on Thursday, November 14th. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. TD Cowen dropped their price objective on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their target price on Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Finally, Robert W. Baird decreased their target price on Arhaus from $18.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, August 9th.

Arhaus Trading Up 3.5 %

ARHS stock traded up $0.36 during trading on Tuesday, hitting $10.75. 825,945 shares of the company traded hands, compared to its average volume of 1,288,278. The firm has a market capitalization of $1.51 billion, a PE ratio of 18.55, a P/E/G ratio of 13.03 and a beta of 2.59. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. The company has a 50-day moving average of $9.95 and a 200-day moving average of $13.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million for the quarter, compared to analysts' expectations of $328.94 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company's revenue was down 2.2% compared to the same quarter last year. Analysts predict that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently modified their holdings of ARHS. Amalgamated Bank bought a new stake in shares of Arhaus in the 2nd quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Arhaus in the 3rd quarter worth $43,000. Quest Partners LLC increased its holdings in shares of Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Arhaus in the 3rd quarter worth $131,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Arhaus in the 2nd quarter worth $183,000. Institutional investors own 27.88% of the company's stock.

Arhaus Company Profile

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.