Arhaus (NASDAQ:ARHS) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research note published on Friday, Benzinga reports. Telsey Advisory Group currently has a $17.00 price objective on the stock.

Separately, Bank of America upped their target price on Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research note on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $15.25.

Arhaus Price Performance

NASDAQ:ARHS opened at $13.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78. Arhaus has a one year low of $6.75 and a one year high of $16.60. The company has a fifty day moving average price of $14.51 and a 200 day moving average price of $11.83. The stock has a market cap of $1.89 billion, a P/E ratio of 15.12, a PEG ratio of 2.40 and a beta of 2.42.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $336.73 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Analysts anticipate that Arhaus will post 0.75 earnings per share for the current year.

Arhaus Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

Institutional Investors Weigh In On Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the company. Voss Capital LLC boosted its holdings in shares of Arhaus by 23.0% in the 4th quarter. Voss Capital LLC now owns 615,000 shares of the company’s stock worth $7,288,000 after acquiring an additional 115,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in Arhaus by 50.0% during the 4th quarter. Nordea Investment Management AB now owns 273,920 shares of the company’s stock valued at $3,271,000 after purchasing an additional 91,356 shares in the last quarter. Algert Global LLC raised its position in Arhaus by 192.5% in the 3rd quarter. Algert Global LLC now owns 243,045 shares of the company’s stock valued at $2,260,000 after purchasing an additional 159,955 shares during the last quarter. Swiss National Bank boosted its stake in Arhaus by 43.7% in the third quarter. Swiss National Bank now owns 74,600 shares of the company’s stock worth $694,000 after purchasing an additional 22,700 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Arhaus by 28.3% in the third quarter. Acadian Asset Management LLC now owns 84,535 shares of the company’s stock worth $785,000 after purchasing an additional 18,653 shares in the last quarter. Institutional investors and hedge funds 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.