Arhaus (NASDAQ:ARHS) Trading Up 4.5%

Arhaus, Inc. (NASDAQ:ARHS) shot up 4.5% during mid-day trading on Thursday . The company traded as high as $15.72 and last traded at $15.47. 183,662 shares traded hands during trading, a decline of 83% from the average session volume of 1,060,524 shares. The stock had previously closed at $14.80.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARHS. Bank of America boosted their price objective on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Telsey Advisory Group boosted their price objective on shares of Arhaus from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.78.

Arhaus Price Performance

The company has a market cap of $2.17 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.57 and a beta of 2.39. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average price is $13.22 and its two-hundred day moving average price is $10.92.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities research analysts forecast that Arhaus, Inc. will post 0.76 EPS for the current fiscal year.

Arhaus Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 20th.

Institutional Trading of Arhaus

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Arhaus by 28.3% in the fourth quarter. Vanguard Group Inc. now owns 3,923,377 shares of the company’s stock worth $46,492,000 after purchasing an additional 864,267 shares in the last quarter. Wasatch Advisors LP bought a new stake in Arhaus during the fourth quarter worth $42,167,000. Scopus Asset Management L.P. bought a new stake in Arhaus during the third quarter worth $17,671,000. Summit Creek Advisors LLC raised its position in Arhaus by 8.3% during the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company’s stock worth $12,481,000 after acquiring an additional 102,402 shares in the last quarter. Finally, Emerald Advisers LLC raised its position 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 in 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. 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, etc.; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.