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

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.80.

Several research analysts recently commented on ARHS shares. Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday. TD Cowen decreased their price target on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a report on Friday, August 9th. Jefferies Financial Group reissued a "hold" rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Craig Hallum downgraded shares of Arhaus from a "buy" rating to a "hold" rating and dropped their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Telsey Advisory Group lowered shares of Arhaus from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $12.00 to $11.00 in a report on Friday.

Arhaus Price Performance

Shares of NASDAQ:ARHS traded down $0.02 during midday trading on Friday, hitting $9.68. 1,630,587 shares of the stock were exchanged, compared to its average volume of 1,294,059. Arhaus has a twelve month low of $8.04 and a twelve month high of $19.81. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $10.65 and a 200-day moving average price of $13.78. The stock has a market cap of $1.36 billion, a P/E ratio of 15.37, a PEG ratio of 9.98 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research analysts forecast that Arhaus will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Several institutional investors have recently made changes to their positions in ARHS. GSA Capital Partners LLP bought a new position in Arhaus during the 1st quarter worth $441,000. SG Americas Securities LLC acquired a new position in Arhaus during the 1st quarter valued at about $1,409,000. Oppenheimer Asset Management Inc. grew its position in Arhaus by 174.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 57,338 shares of the company's stock worth $882,000 after purchasing an additional 36,484 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Arhaus in the first quarter valued at approximately $4,034,000. Finally, Swiss National Bank raised its holdings in shares of Arhaus by 16.1% during the first quarter. Swiss National Bank now owns 78,700 shares of the company's stock valued at $1,211,000 after buying an additional 10,900 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

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.