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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been assigned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.50.

A number of brokerages have issued reports on ARHS. Piper Sandler reduced their price objective on shares of Arhaus from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Guggenheim reduced their price objective on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research note on Saturday. Loop Capital reduced their price objective on shares of Arhaus from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Finally, Robert W. Baird downgraded shares of Arhaus from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $8.50 in a research note on Monday, April 7th.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Arhaus by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock worth $274,000 after buying an additional 984 shares during the period. Legal & General Group Plc boosted its position in Arhaus by 4.3% during the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after buying an additional 1,531 shares during the period. GAMMA Investing LLC boosted its position in Arhaus by 185.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,150 shares of the company’s stock worth $27,000 after buying an additional 2,045 shares during the period. Rhumbline Advisers boosted its position in Arhaus by 3.2% during the 1st quarter. Rhumbline Advisers now owns 73,761 shares of the company’s stock worth $642,000 after buying an additional 2,255 shares during the period. Finally, Arizona State Retirement System boosted its position in Arhaus by 24.9% during the 1st quarter. Arizona State Retirement System now owns 14,525 shares of the company’s stock worth $126,000 after buying an additional 2,899 shares during the period. 27.88% of the stock is currently owned by institutional investors and hedge funds.

Arhaus Price Performance

NASDAQ:ARHS opened at $8.15 on Wednesday. Arhaus has a 52 week low of $6.61 and a 52 week high of $17.27. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 5.53 and a beta of 2.56. The firm’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $9.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 1.26.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $311.37 million for the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. Arhaus’s 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 earnings per share. As a group, sell-side analysts predict that Arhaus will post 0.46 earnings per share for the current year.

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.