Shares of Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.5833.
Several equities analysts have recently issued reports on ARHS shares. Wall Street Zen raised shares of Arhaus from a “sell” rating to a “hold” rating in a report on Monday, June 22nd. Piper Sandler reduced their target price on Arhaus from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Arhaus in a research note on Wednesday, June 17th. Guggenheim lowered 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. Finally, TD Cowen dropped their price target on Arhaus from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, May 11th.
Check Out Our Latest Report on ARHS
Arhaus Stock Performance
Arhaus (NASDAQ:ARHS – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The business had revenue of $314.28 million for the quarter, compared to analyst estimates of $313.97 million. During the same quarter last year, the firm earned $0.03 EPS. Arhaus’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Arhaus will post 0.47 earnings per share for the current year.
Institutional Trading of Arhaus
Several hedge funds have recently bought and sold shares of ARHS. Balyasny Asset Management L.P. acquired a new position in shares of Arhaus during the fourth quarter worth about $10,962,000. Wasatch Advisors LP lifted its stake in Arhaus by 6.8% in the 2nd quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock valued at $110,137,000 after acquiring an additional 811,337 shares in the last quarter. Nuveen LLC boosted its position in Arhaus by 616.6% during the 4th quarter. Nuveen LLC now owns 751,950 shares of the company’s stock worth $8,429,000 after acquiring an additional 647,020 shares during the last quarter. Simcoe Capital LLC bought a new position in shares of Arhaus during the 4th quarter worth approximately $4,592,000. Finally, EFG International AG acquired a new stake in Arhaus in the 4th quarter valued at $4,334,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.
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.
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