Arhaus (NASDAQ:ARHS) Receives Outperform Rating from Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $11.00 target price on the stock. Telsey Advisory Group’s price target points to a potential upside of 0.46% from the stock’s current price.

ARHS has been the topic of several other research reports. Piper Sandler boosted their price target on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $11.00 in a report on Thursday, November 7th. Barclays decreased their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Loop Capital began coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.18.

Arhaus Stock Performance

Shares of NASDAQ ARHS traded down $0.96 during trading hours on Wednesday, reaching $10.95. The stock had a trading volume of 2,830,772 shares, compared to its average volume of 1,777,356. The firm has a 50-day moving average of $11.16 and a 200-day moving average of $10.88. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 11.57 and a beta of 2.63. 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 has a fifty-two week low of $8.30 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Wednesday, February 26th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Equities research analysts predict that Arhaus will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ARHS. Quantbot Technologies LP acquired a new stake in Arhaus during the 3rd quarter valued at $43,000. BNP Paribas Financial Markets purchased a new stake in shares of Arhaus in the fourth quarter valued at $58,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Arhaus during the fourth quarter valued at $69,000. AlphaQuest LLC increased its position 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 purchasing an additional 5,786 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Arhaus during the 4th quarter worth about $99,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.