Arhaus, Inc. (NASDAQ:ARHS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Arhaus, Inc. (NASDAQ:ARHSGet Free Report) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.56.

A number of brokerages have recently commented on ARHS. Piper Sandler reissued an “overweight” rating and issued a $20.00 price target (up previously from $19.00) on shares of Arhaus in a report on Friday, May 10th. TD Cowen raised their target price on shares of Arhaus from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Robert W. Baird lifted their price target on shares of Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Bank of America lifted their price target on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Arhaus in a report on Thursday, May 9th.

Read Our Latest Analysis on ARHS

Arhaus Stock Performance

Shares of ARHS stock opened at $19.00 on Tuesday. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.67 billion, a P/E ratio of 25.00, a PEG ratio of 3.06 and a beta of 2.65. The firm’s 50 day moving average is $15.78 and its 200 day moving average is $13.45.

Arhaus (NASDAQ:ARHSGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.09. The business had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. On average, sell-side analysts anticipate that Arhaus will post 0.76 earnings per share for the current year.

Insider Transactions at Arhaus

In related news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the completion of the sale, the insider now directly owns 68,785 shares in the company, valued at $1,316,544.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.78% of the company’s stock.

Institutional Trading of Arhaus

Several large investors have recently added to or reduced their stakes in ARHS. Wasatch Advisors LP lifted its holdings in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after buying an additional 5,233,776 shares in the last quarter. Scopus Asset Management L.P. bought a new position in Arhaus during the 3rd quarter worth about $17,671,000. Vanguard Group Inc. grew its holdings in Arhaus by 61.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock worth $28,450,000 after acquiring an additional 1,159,856 shares in the last quarter. Nicholas Investment Partners LP bought a new position in Arhaus during the 4th quarter worth about $6,487,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Arhaus during the 1st quarter worth about $8,326,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Company Profile

(Get Free Report

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.

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Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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