Arhaus, Inc. (NASDAQ:ARHS) Given Average Rating of "Moderate Buy" by Analysts

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.90.

A number of brokerages have recently commented on ARHS. Wedbush lowered their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Barclays dropped their price target on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group upgraded shares of Arhaus from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Craig Hallum cut Arhaus from a "buy" rating to a "hold" rating and lowered their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th.

Hedge Funds Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Carnegie Investment Counsel raised its holdings in Arhaus by 176.8% during the 3rd quarter. Carnegie Investment Counsel now owns 294,740 shares of the company's stock worth $3,628,000 after buying an additional 188,240 shares during the period. Sei Investments Co. raised its holdings in shares of Arhaus by 25.6% during the second quarter. Sei Investments Co. now owns 481,331 shares of the company's stock valued at $8,154,000 after acquiring an additional 98,240 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $814,000. LMR Partners LLP purchased a new stake in shares of Arhaus in the 3rd quarter valued at approximately $4,308,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Arhaus in the 3rd quarter worth approximately $802,000. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Stock Performance

Arhaus stock traded down $0.15 during midday trading on Friday, reaching $9.26. 1,596,278 shares of the stock traded hands, compared to its average volume of 1,279,541. Arhaus has a fifty-two week low of $8.30 and a fifty-two week high of $19.81. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 14.78 and a beta of 2.58. The firm has a fifty day moving average price of $9.66 and a two-hundred day moving average price of $12.31.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that Arhaus will post 0.42 earnings per share for the current year.

About Arhaus

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.