Arhaus, Inc. (NASDAQ:ARHS) Given Average Rating of “Hold” by Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.50.

Several equities research analysts recently commented on ARHS shares. Telsey Advisory Group reissued a “market perform” rating and set a $10.00 price objective on shares of Arhaus in a research note on Thursday, May 15th. Raymond James Financial initiated coverage on Arhaus in a research note on Monday, June 9th. They issued a “market perform” rating on the stock. Morgan Stanley lowered their price objective on Arhaus from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, May 9th. Robert W. Baird downgraded Arhaus from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $8.50 in a report on Monday, April 7th. Finally, Stifel Nicolaus reduced their price target on Arhaus from $11.50 to $10.00 and set a “buy” rating for the company in a report on Monday, May 12th.

Arhaus Trading Down 2.6%

NASDAQ ARHS opened at $8.51 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of 20.76, a P/E/G ratio of 5.50 and a beta of 2.63. The stock’s 50 day moving average is $8.38 and its 200 day moving average is $9.60. Arhaus has a twelve month low of $6.61 and a twelve month high of $17.82. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million for the quarter, compared to analysts’ expectations of $314.76 million. Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Research analysts forecast that Arhaus will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Several hedge funds and other institutional investors have recently bought and sold shares of ARHS. Vanguard Group Inc. boosted its position in Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Arhaus by 32.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock valued at $24,348,000 after purchasing an additional 627,952 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Arhaus by 1,532.9% in the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the period. CenterBook Partners LP lifted its stake in shares of Arhaus by 145.8% in the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company’s stock worth $16,456,000 after purchasing an additional 1,122,004 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% in the first quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company’s stock worth $14,504,000 after buying an additional 38,674 shares during the last quarter. Institutional investors own 27.88% of the company’s stock.

About Arhaus

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.