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

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.20.

Several equities research analysts have weighed in on ARHS shares. Stifel Nicolaus increased their price target on shares of Arhaus from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays cut their target price on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Bank of America downgraded Arhaus from a "buy" rating to a "neutral" rating and cut their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, 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.

Arhaus Stock Performance

NASDAQ:ARHS traded up $0.09 during trading on Wednesday, reaching $11.88. The company's stock had a trading volume of 722,043 shares, compared to its average volume of 1,730,103. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 11.92 and a beta of 2.58. Arhaus has a 12 month low of $8.30 and a 12 month high of $19.81. The firm has a 50 day moving average of $10.07 and a 200-day moving average of $11.41.

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 analysts' consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. Research analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in shares of Arhaus by 41.4% in the fourth quarter. SG Americas Securities LLC now owns 23,132 shares of the company's stock valued at $217,000 after purchasing an additional 6,773 shares during the last quarter. Daymark Wealth Partners LLC raised its stake in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company's stock valued at $404,000 after purchasing an additional 1,000 shares in the last quarter. Procyon Advisors LLC bought a new stake in Arhaus during the fourth quarter valued at $293,000. Carnegie Investment Counsel lifted its stake in Arhaus by 12.8% in the fourth quarter. Carnegie Investment Counsel now owns 332,410 shares of the company's stock valued at $3,125,000 after buying an additional 37,670 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Arhaus by 41.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after acquiring an additional 157,515 shares in the last quarter. 27.88% of the stock is owned by institutional investors and hedge funds.

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.