Arhaus (NASDAQ:ARHS) Stock Price Up 8.2% - Time to Buy?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) shares were up 8.2% during mid-day trading on Tuesday . The stock traded as high as $12.53 and last traded at $12.51. Approximately 942,531 shares changed hands during trading, a decline of 45% from the average daily volume of 1,715,259 shares. The stock had previously closed at $11.56.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARHS. Jefferies Financial Group upped their price target on shares of Arhaus from $9.50 to $10.00 and gave the stock a "hold" rating in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Loop Capital began coverage on Arhaus in a report on Friday, January 24th. They issued a "hold" rating and a $12.00 price objective for the company. Piper Sandler lifted their target price on Arhaus from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. Finally, Wedbush decreased their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.18.

Arhaus Price Performance

The company has a 50 day moving average of $10.76 and a two-hundred day moving average of $11.12. The firm has a market cap of $1.71 billion, a P/E ratio of 21.77, a PEG ratio of 13.29 and a beta of 2.63. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. During the same quarter last year, the business posted $0.14 EPS. The business's revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts expect that Arhaus, Inc. will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARHS. Quantbot Technologies LP acquired a new position in shares of Arhaus in the 3rd quarter worth $43,000. AlphaQuest LLC raised its holdings in Arhaus by 190.2% during the 4th quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock worth $83,000 after buying an additional 5,786 shares during the period. Intech Investment Management LLC purchased a new stake in Arhaus during the third quarter valued at about $131,000. Stephens Inc. AR acquired a new position in shares of Arhaus in the fourth quarter worth about $109,000. Finally, Total Clarity Wealth Management Inc. purchased a new position in shares of Arhaus in the fourth quarter worth approximately $140,000. 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.