Arhaus (NASDAQ:ARHS) Trading 5.1% Higher – Here’s What Happened

Arhaus, Inc. (NASDAQ:ARHS)’s stock price traded up 5.1% during trading on Friday . The stock traded as high as $7.73 and last traded at $7.5450. Approximately 179,986 shares changed hands during trading, a decline of 86% from the average session volume of 1,300,690 shares. The stock had previously closed at $7.18.

Wall Street Analyst Weigh In

ARHS has been the subject of a number of analyst reports. Guggenheim decreased their price target on Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, May 8th. Piper Sandler dropped their price objective on shares of Arhaus from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Telsey Advisory Group set a $8.00 target price on shares of Arhaus and gave the stock a “market perform” rating in a research report on Friday, May 8th. Jefferies Financial Group decreased their target price on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Finally, TD Cowen lowered their price target on shares of Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Arhaus presently has an average rating of “Hold” and a consensus target price of $9.58.

Arhaus Trading Up 10.2%

The firm has a market cap of $1.12 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 3.19 and a beta of 2.28. The business’s 50 day moving average is $7.27 and its 200-day moving average is $7.98. The company has a quick ratio of 0.46, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Arhaus had a return on equity of 16.39% and a net margin of 4.67%.The business had revenue of $314.28 million during the quarter, compared to the consensus estimate of $313.97 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts forecast that Arhaus, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC increased its position in Arhaus by 89.8% in the third quarter. Larson Financial Group LLC now owns 2,780 shares of the company’s stock worth $30,000 after buying an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Arhaus during the third quarter worth about $30,000. Global Retirement Partners LLC acquired a new stake in shares of Arhaus in the 4th quarter worth about $39,000. New York State Teachers Retirement System acquired a new stake in shares of Arhaus in the 4th quarter worth about $52,000. Finally, Quarry LP lifted its position in Arhaus by 203.0% in the 3rd quarter. Quarry LP now owns 4,996 shares of the company’s stock valued at $53,000 after purchasing an additional 3,347 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

Arhaus Company Profile

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.