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

Shares of Arhaus, Inc. (NASDAQ:ARHS – Get Rating) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.50.

A number of research analysts recently issued reports on the stock. Telsey Advisory Group lifted their price objective on shares of Arhaus from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, March 6th. Barclays cut their target price on shares of Arhaus from $16.00 to $14.00 in a research report on Friday, March 10th. Piper Sandler cut their target price on shares of Arhaus from $16.00 to $13.00 in a research report on Friday, March 10th. Bank of America raised their target price on shares of Arhaus from $12.00 to $16.50 in a research report on Wednesday, January 11th. Finally, Robert W. Baird cut their target price on shares of Arhaus from $13.00 to $12.00 in a research report on Friday, March 10th.

Insider Transactions at Arhaus

In other news, insider Dawn Sparks sold 75,000 shares of Arhaus stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $8.51, for a total value of $638,250.00. Following the completion of the transaction, the insider now directly owns 378,414 shares of the company’s stock, valued at approximately $3,220,303.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Arhaus news, Director Alton F. Doody III bought 11,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average price of $8.84 per share, with a total value of $101,660.00. Following the completion of the purchase, the director now directly owns 35,000 shares of the company’s stock, valued at approximately $309,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dawn Sparks sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $8.51, for a total value of $638,250.00. Following the sale, the insider now directly owns 378,414 shares of the company’s stock, valued at approximately $3,220,303.14. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arhaus

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Arhaus during the second quarter worth approximately $29,000. UBS Group AG acquired a new stake in Arhaus in the first quarter valued at approximately $36,000. Virtu Financial LLC acquired a new stake in Arhaus in the second quarter valued at approximately $45,000. PDT Partners LLC acquired a new stake in Arhaus in the second quarter valued at approximately $48,000. Finally, Lazard Asset Management LLC grew its stake in Arhaus by 65.0% in the second quarter. Lazard Asset Management LLC now owns 14,668 shares of the company’s stock valued at $66,000 after acquiring an additional 5,776 shares during the period. Institutional investors and hedge funds own 30.55% of the company’s stock.

Arhaus Stock Performance

Shares of NASDAQ:ARHS opened at $8.52 on Friday. The company’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $10.22. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.69 and a beta of 2.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.28 and a quick ratio of 0.51. Arhaus has a 1 year low of $4.23 and a 1 year high of $15.27.

Arhaus Company Profile

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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.