TD Cowen Raises Arhaus (NASDAQ:ARHS) Price Target to $19.00

Arhaus (NASDAQ:ARHS) had its target price hoisted by TD Cowen from $18.00 to $19.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Piper Sandler reaffirmed an overweight rating and set a $20.00 price target (up previously from $19.00) on shares of Arhaus in a research report on Friday, May 10th. Robert W. Baird increased their target price on Arhaus from $16.00 to $18.00 and gave the stock an outperform rating in a research report on Friday, May 10th. Bank of America increased their target price on Arhaus from $14.50 to $17.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Finally, Telsey Advisory Group reissued an outperform rating and issued a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Arhaus has an average rating of Moderate Buy and a consensus price target of $16.56.

Arhaus Trading Up 0.1 %

Shares of ARHS stock opened at $15.98 on Monday. The stock has a market capitalization of $2.24 billion, a PE ratio of 21.03, a P/E/G ratio of 2.84 and a beta of 2.48. Arhaus has a 1-year low of $6.75 and a 1-year high of $17.27. The business has a 50-day moving average of $14.97 and a 200 day moving average of $12.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. As a group, sell-side analysts anticipate that Arhaus will post 0.76 earnings per share for the current year.

Arhaus Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Trading of Arhaus

A number of large investors have recently modified their holdings of the company. Wasatch Advisors LP boosted its holdings in shares of Arhaus by 147.1% in the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after purchasing an additional 5,233,776 shares during the period. Vanguard Group Inc. raised its stake in Arhaus by 11.8% in the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after buying an additional 463,749 shares in the last quarter. Scopus Asset Management L.P. bought a new position in Arhaus in the third quarter worth approximately $17,671,000. Hood River Capital Management LLC raised its stake in Arhaus by 0.6% in the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock worth $23,813,000 after buying an additional 8,824 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its stake in Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after buying an additional 8,461 shares in the last quarter. Hedge funds and other 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.