Arhaus, Inc. (NASDAQ:ARHS) Receives $15.00 Consensus Target Price from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.00.

A number of equities analysts recently issued reports on ARHS shares. Jefferies Financial Group cut Arhaus from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $16.00 in a report on Monday, July 8th. Barclays decreased their target price on Arhaus from $17.00 to $15.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Craig Hallum decreased their target price on Arhaus from $21.00 to $14.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Stifel Nicolaus decreased their target price on Arhaus from $19.50 to $16.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, TD Cowen decreased their target price on Arhaus from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th.

Arhaus Stock Performance

ARHS traded up $0.91 during trading hours on Friday, hitting $12.71. The company's stock had a trading volume of 1,363,610 shares, compared to its average volume of 1,276,656. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.78 billion, a PE ratio of 16.72, a PEG ratio of 2.13 and a beta of 2.57. The company has a 50-day simple moving average of $15.05 and a 200 day simple moving average of $15.11.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The firm had revenue of $309.80 million for the quarter, compared to analysts' expectations of $314.28 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that Arhaus will post 0.76 EPS for the current year.

Insider Activity at Arhaus

In related news, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares of the company's stock, valued at $9,476,558.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Dawn Phillipson sold 150,000 shares of Arhaus stock in a transaction on Monday, June 10th. The stock was sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares of the company's stock, valued at $9,476,558.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total value of $104,070.60. Following the sale, the insider now directly owns 36,736 shares of the company's stock, valued at approximately $591,816.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,960 shares of company stock valued at $2,978,281. Insiders own 1.52% of the company's stock.

Institutional Trading of Arhaus

Large investors have recently made changes to their positions in the stock. Amalgamated Bank bought a new stake in shares of Arhaus during the 2nd quarter worth about $30,000. National Bank of Canada FI boosted its stake in shares of Arhaus by 647.1% during the 4th quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock worth $74,000 after acquiring an additional 5,500 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Arhaus by 716,800.0% during the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company's stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Arhaus by 68.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock worth $106,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of Arhaus during the 4th quarter worth about $118,000. Institutional investors own 27.88% of the company's stock.

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.