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

Arhaus, Inc. (NASDAQ:ARHS) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.20.

Several research analysts have commented on ARHS shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $12.00 price target on shares of Arhaus in a research report on Thursday. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $11.00 in a report on Thursday. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Robert W. Baird dropped their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Wedbush assumed coverage on Arhaus in a report on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price on the stock.

Arhaus Trading Up 6.4 %

ARHS opened at $9.70 on Friday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 9.98 and a beta of 2.58. Arhaus has a 52 week low of $8.04 and a 52 week high of $19.81. The business’s 50 day moving average is $10.70 and its two-hundred day moving average is $13.81. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $309.80 million for the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, research analysts predict that Arhaus will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARHS. American Century Companies Inc. grew its holdings in Arhaus by 120.6% during the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after acquiring an additional 2,219,554 shares during the period. William Blair Investment Management LLC acquired a new position in Arhaus during the second quarter worth $21,034,000. Price T Rowe Associates Inc. MD acquired a new position in Arhaus during the first quarter worth $8,326,000. Silvercrest Asset Management Group LLC purchased a new stake in Arhaus during the first quarter worth $8,301,000. Finally, Vanguard Group Inc. boosted its position in Arhaus by 11.8% during the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after purchasing an additional 463,749 shares in the last quarter. Institutional investors and hedge funds 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.