Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Rating of “Moderate Buy” by Analysts

Arhaus, Inc. (NASDAQ:ARHS) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.20.

Several research firms recently commented on ARHS. Telsey Advisory Group restated an “outperform” rating and issued a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Jefferies Financial Group lifted their price objective 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. Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Finally, Piper Sandler increased their price objective on shares of Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, January 10th.

Institutional Trading of Arhaus

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank purchased a new stake in shares of Arhaus during the second quarter valued at $30,000. Quantbot Technologies LP acquired a new stake in Arhaus during the 3rd quarter worth about $43,000. Intech Investment Management LLC purchased a new stake in Arhaus during the third quarter valued at about $131,000. Olympiad Research LP acquired a new position in shares of Arhaus in the third quarter worth about $202,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Arhaus in the third quarter worth approximately $207,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Up 1.3 %

Arhaus stock opened at $11.79 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $11.41. The firm has a market capitalization of $1.66 billion, a P/E ratio of 21.05, a P/E/G ratio of 11.92 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during 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 for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts expect that Arhaus will post 0.46 earnings per share for the current year.

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.