Arhaus (NASDAQ:ARHS) Rating Reiterated by Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $17.00 target price on the stock.

Separately, Bank of America upped their price objective on Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $15.25.

Arhaus Trading Up 0.9 %

Arhaus stock opened at $13.73 on Friday. The business has a 50 day moving average price of $14.49 and a two-hundred day moving average price of $11.74. 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 stock has a market cap of $1.93 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.46 and a beta of 2.42. Arhaus has a 12 month low of $6.75 and a 12 month high of $16.60.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The firm had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $336.73 million. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts forecast that Arhaus will post 0.75 EPS for the current year.

Arhaus Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Investors Weigh In On Arhaus

A number of large investors have recently bought and sold shares of the business. Bourgeon Capital Management LLC bought a new stake in Arhaus during the 1st quarter worth approximately $770,000. Wasatch Advisors LP grew its position in Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after acquiring an additional 5,233,776 shares during the last quarter. Aspiriant LLC bought a new stake in Arhaus during the 1st quarter worth approximately $204,000. Counterpoint Mutual Funds LLC grew its position in Arhaus by 79.7% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 18,058 shares of the company’s stock worth $278,000 after acquiring an additional 8,007 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in Arhaus during the 1st quarter worth approximately $204,000. 27.88% of the stock is currently owned by institutional investors.

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.