Arhaus (NASDAQ:ARHS) Receives Outperform Rating from Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a research note issued on Friday, Benzinga reports. They currently have a $17.00 price target on the stock. Telsey Advisory Group’s price target indicates a potential upside of 23.82% from the company’s current price.

Separately, Bank of America raised their target price on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and a consensus target price of $15.25.

Arhaus Stock Performance

Shares of ARHS opened at $13.73 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78. The stock has a market capitalization of $1.93 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.38 and a beta of 2.42. Arhaus has a 12-month low of $6.75 and a 12-month high of $16.60. The business’s fifty day moving average price is $14.50 and its 200 day moving average price is $11.77.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $336.73 million. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. During the same period last year, the business posted $0.34 earnings per share. Equities research analysts forecast that Arhaus will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARHS. Barclays PLC increased its holdings in shares of Arhaus by 428,800.0% during the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after purchasing an additional 4,288 shares during the period. Voss Capital LLC increased its holdings in shares of Arhaus by 24.2% during the third quarter. Voss Capital LLC now owns 500,000 shares of the company’s stock valued at $4,650,000 after purchasing an additional 97,411 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Arhaus by 19.8% during the third quarter. Bank of New York Mellon Corp now owns 96,696 shares of the company’s stock valued at $899,000 after purchasing an additional 15,967 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in shares of Arhaus during the third quarter valued at $6,016,000. Finally, Emerald Advisers LLC grew its holdings in Arhaus by 71.1% during the third quarter. Emerald Advisers LLC now owns 1,278,004 shares of the company’s stock worth $11,885,000 after acquiring an additional 530,893 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

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.