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

Arhaus, Inc. (NASDAQ:ARHS) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, 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 target price among analysts that have updated their coverage on the stock in the last year is $12.20.

ARHS has been the topic of several recent research reports. Piper Sandler boosted their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus lifted their price target on shares of Arhaus from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Wedbush decreased their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th.

Arhaus Price Performance

Arhaus stock opened at $11.79 on Wednesday. The firm has a fifty day moving average of $10.07 and a 200-day moving average of $11.41. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.66 billion, a P/E ratio of 21.05, a PEG ratio of 11.92 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results 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 company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, analysts predict that Arhaus will post 0.46 EPS for the current year.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of ARHS. Wasatch Advisors LP lifted its position in shares of Arhaus by 26.6% in the 3rd quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock worth $148,455,000 after buying an additional 2,536,075 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Arhaus by 1,808.2% in the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock worth $24,155,000 after acquiring an additional 1,859,398 shares during the last quarter. Emerald Advisers LLC lifted its holdings in Arhaus by 2.4% in the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company’s stock worth $16,884,000 after acquiring an additional 32,077 shares during the last quarter. Wellington Management Group LLP boosted its stake in Arhaus by 107.0% in the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after acquiring an additional 636,691 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 valued at $14,874,000 after purchasing an additional 134,312 shares during 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.