Wedbush Upgrades Arhaus (NASDAQ:ARHS) to “Hold”

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

Other research analysts have also issued reports about the stock. Stifel Nicolaus decreased their target price on shares of Arhaus from $19.50 to $16.00 and set a buy rating on the stock in a research note on Monday, August 12th. Robert W. Baird reduced their price target on shares of Arhaus from $18.00 to $14.00 and set an outperform rating on the stock in a research report on Friday, August 9th. Barclays reduced their price target on shares of Arhaus from $17.00 to $15.00 and set an overweight rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group reaffirmed a hold rating and set a $12.00 price target on shares of Arhaus in a research report on Wednesday, October 9th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $14.09.

Arhaus Trading Up 1.4 %

ARHS stock opened at $10.52 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 12.08 and a beta of 2.51. The business’s 50-day moving average is $11.97 and its 200 day moving average is $14.62.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $314.28 million. During the same period in the previous year, the firm posted $0.29 EPS. Arhaus’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Arhaus will post 0.48 EPS for the current fiscal year.

Insider Transactions at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Several large investors have recently bought and sold shares of the business. Amalgamated Bank purchased a new position in Arhaus in the second quarter valued at $30,000. Nordea Investment Management AB grew its holdings in shares of Arhaus by 1.5% during the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock worth $4,436,000 after purchasing an additional 4,169 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Arhaus by 16.9% during the first quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after purchasing an additional 5,178 shares during the last quarter. Quest Partners LLC grew its holdings 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 worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC grew its holdings in shares of Arhaus by 79.7% during the first quarter. Counterpoint Mutual Funds LLC now owns 18,058 shares of the company’s stock worth $278,000 after purchasing an additional 8,007 shares during the last quarter. Hedge funds and other institutional investors 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.