Arhaus, Inc. (NASDAQ:ARHS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Arhaus, Inc. (NASDAQ:ARHS) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.90.

ARHS has been the topic of several research reports. Telsey Advisory Group raised Arhaus from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $11.00 to $12.00 in a report on Thursday, November 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Arhaus in a research note on Wednesday, October 9th. Barclays lowered their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $11.00 in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank bought a new position in Arhaus during the 2nd quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in shares of Arhaus during the third quarter valued at approximately $43,000. Quest Partners LLC grew its stake in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after buying an additional 7,168 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Arhaus in the third quarter worth approximately $131,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Arhaus during the 2nd quarter worth approximately $183,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Trading Up 1.3 %

ARHS stock opened at $9.40 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. Arhaus has a 1-year low of $8.30 and a 1-year high of $19.81. The business has a 50 day simple moving average of $9.69 and a two-hundred day simple moving average of $12.07.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. Research analysts anticipate that Arhaus will post 0.42 EPS for the current fiscal year.

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.