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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.90.

ARHS has been the topic of several recent research reports. Telsey Advisory Group raised shares of Arhaus from a “market perform” rating to an “outperform” rating and upped their price objective for the company 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 target on shares of Arhaus in a report on Wednesday, October 9th. Barclays reduced their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Bank of America downgraded Arhaus from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Wedbush reduced their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently made changes to their positions in ARHS. JPMorgan Chase & Co. grew its stake in Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after acquiring an additional 1,859,398 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Arhaus in the third quarter valued at about $814,000. Geode Capital Management LLC increased its stake in shares of Arhaus by 12.5% during the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Arhaus during the 3rd quarter worth about $236,000. Finally, Wellington Management Group LLP lifted its stake 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 in the last quarter. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

Shares of ARHS stock opened at $9.26 on Friday. The business has a fifty day moving average of $9.67 and a 200 day moving average of $12.38. Arhaus has a 1 year low of $8.30 and a 1 year high of $19.81. 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 firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (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 analysts’ expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, research analysts expect that Arhaus will post 0.42 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.