Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) Price Target at $9.58

Arhaus, Inc. (NASDAQ:ARHS) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.5833.

A number of research analysts recently issued reports on ARHS shares. Guggenheim lowered their target price on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Telsey Advisory Group set a $8.00 price target on shares of Arhaus and gave the company a “market perform” rating in a report on Friday, May 8th. Stifel Nicolaus cut their price target on shares of Arhaus from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, May 11th. Jefferies Financial Group reduced their price objective on shares of Arhaus from $9.50 to $7.25 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Arhaus in a research note on Wednesday, June 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings in shares of Arhaus by 6.8% in the second quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company’s stock valued at $110,137,000 after buying an additional 811,337 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Arhaus by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 5,143,024 shares of the company’s stock worth $57,653,000 after acquiring an additional 72,346 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Arhaus by 9.4% in the 2nd quarter. Bank of America Corp DE now owns 3,213,288 shares of the company’s stock worth $27,859,000 after acquiring an additional 275,835 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Arhaus by 10.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,754,000 shares of the company’s stock worth $19,662,000 after purchasing an additional 169,200 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Arhaus by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after purchasing an additional 185,208 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of NASDAQ ARHS opened at $7.41 on Friday. The stock has a fifty day moving average price of $7.42 and a two-hundred day moving average price of $7.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.46 and a current ratio of 1.25. The firm has a market cap of $1.05 billion, a P/E ratio of 15.77, a PEG ratio of 2.98 and a beta of 2.28. Arhaus has a 1 year low of $5.57 and a 1 year high of $12.98.

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

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.