Arhaus (NASDAQ:ARHS) Shares Gap Up - What's Next?

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $9.46, but opened at $10.86. Arhaus shares last traded at $10.62, with a volume of 1,051,325 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Jefferies Financial Group boosted their price objective on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a report on Friday. Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Wedbush reduced their price objective on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 target price on shares of Arhaus in a report on Friday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Arhaus has a consensus rating of "Moderate Buy" and a consensus target price of $12.10.

Arhaus Trading Up 15.0 %

The firm has a market cap of $1.53 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a 50-day simple moving average of $9.79 and a 200 day simple moving average of $11.74. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Arhaus, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARHS. Victory Capital Management Inc. increased its holdings in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company's stock worth $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Arhaus during the second quarter worth about $30,000. Soros Capital Management LLC increased its stake in shares of Arhaus by 18.2% during the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company's stock worth $269,000 after purchasing an additional 3,358 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company's stock worth $544,000 after purchasing an additional 3,529 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Arhaus in the 3rd quarter valued at about $43,000. 27.88% of the stock is owned by institutional investors and hedge funds.

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.