Arhaus, Inc. (NASDAQ:ARHS) Receives Average Recommendation of “Hold” from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has received an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.9167.

Several research firms have weighed in on ARHS. Robert W. Baird set a $10.00 price objective on shares of Arhaus in a research note on Friday, August 7th. Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, August 6th. Telsey Advisory Group upped their target price on shares of Arhaus from $8.00 to $10.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Morgan Stanley lifted their target price on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th.

Insider Transactions at Arhaus

In other news, Director Alton F. Doody III sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director directly owned 87,113 shares of the company’s stock, valued at $737,847.11. The trade was a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of Arhaus

Several hedge funds have recently added to or reduced their stakes in ARHS. Entropy Technologies LP boosted its stake in Arhaus by 7.0% in the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after purchasing an additional 2,049 shares during the period. Ancora Advisors LLC bought a new stake in shares of Arhaus in the second quarter valued at about $34,000. Fifth Third Bancorp acquired a new position in shares of Arhaus during the first quarter worth about $40,000. Abel Hall LLC acquired a new position in shares of Arhaus during the first quarter worth about $68,000. Finally, Squarepoint Ops LLC acquired a new position in Arhaus during the second quarter worth $96,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $7.79 on Monday. The company has a market cap of $1.10 billion, a P/E ratio of 15.58, a PEG ratio of 2.40 and a beta of 2.30. The business has a 50 day moving average of $8.45 and a two-hundred day moving average of $7.57. Arhaus has a 52 week low of $5.57 and a 52 week high of $12.08. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.13.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The firm had revenue of $384.90 million for the quarter, compared to the consensus estimate of $365.66 million. During the same period last year, the firm posted $0.25 EPS. Arhaus’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Arhaus will post 0.54 EPS for the current year.

About Arhaus

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.