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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.18.

Several equities analysts have recently weighed in on the stock. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Wedbush dropped their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 price objective on shares of Arhaus in a report on Friday, January 10th. Barclays cut their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th.

Institutional Trading of Arhaus

Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after acquiring an additional 2,536,075 shares during the period. JPMorgan Chase & Co. increased its position in shares of Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Wellington Management Group LLP raised its holdings in Arhaus by 107.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after buying an additional 636,691 shares during the period. Hunter Perkins Capital Management LLC acquired a new position in Arhaus in the third quarter valued at about $4,943,000. Finally, LMR Partners LLP purchased a new position in Arhaus during the third quarter worth about $4,308,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The business has a fifty day moving average of $10.39 and a 200 day moving average of $11.27. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 12.14 and a beta of 2.58. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data 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). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. As a group, research analysts expect that Arhaus will post 0.46 earnings per share for the current 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.