Arhaus (NASDAQ:ARHS) Rating Increased to Hold at Wedbush

Wedbush upgraded shares of Arhaus (NASDAQ:ARHS) to a hold rating in a research note published on Thursday, Zacks.com reports.

ARHS has been the subject of a number of other reports. Craig Hallum reduced their price target on shares of Arhaus from $21.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. TD Cowen reduced their price target on shares of Arhaus from $19.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. Bank of America reduced their price target on shares of Arhaus from $18.00 to $15.00 and set a buy rating for the company in a research report on Friday. Telsey Advisory Group reiterated an outperform rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Finally, Jefferies Financial Group reiterated a hold rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Arhaus currently has an average rating of Moderate Buy and a consensus price target of $14.09.

Arhaus Price Performance

Shares of NASDAQ:ARHS opened at $10.52 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.48 billion, a P/E ratio of 13.84, a PEG ratio of 12.08 and a beta of 2.51. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The company has a 50-day moving average price of $11.97 and a 200 day moving average price of $14.62.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. Research analysts predict that Arhaus will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of Arhaus stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently made changes to their positions in ARHS. Wellington Management Group LLP boosted its holdings in shares of Arhaus by 24.5% in the 4th quarter. Wellington Management Group LLP now owns 1,123,956 shares of the company’s stock valued at $13,319,000 after purchasing an additional 221,009 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Arhaus in the 1st quarter valued at $204,000. Counterpoint Mutual Funds LLC boosted its holdings in shares of Arhaus by 79.7% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 18,058 shares of the company’s stock valued at $278,000 after purchasing an additional 8,007 shares during the last quarter. Aspiriant LLC acquired a new position in shares of Arhaus during the 1st quarter valued at $204,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after acquiring an additional 5,233,776 shares in the last quarter. Institutional investors and hedge funds 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.