Arhaus (NASDAQ:ARHS) Stock Rating Upgraded by Zacks Research

Arhaus (NASDAQ:ARHS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

ARHS has been the topic of several other research reports. Morgan Stanley upped their price target on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen raised shares of Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Piper Sandler upped their target price on shares of Arhaus from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $10.00 price target on shares of Arhaus in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and an average target price of $10.22.

Arhaus Stock Down 0.8%

Shares of NASDAQ ARHS opened at $9.84 on Tuesday. The company has a market capitalization of $1.39 billion, a P/E ratio of 19.68, a P/E/G ratio of 3.14 and a beta of 2.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. The company has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $7.76. Arhaus has a 1 year low of $5.57 and a 1 year high of $12.08.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.12. The firm had revenue of $384.90 million for the quarter, compared to analysts’ expectations of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. On average, equities research analysts predict that Arhaus will post 0.54 earnings per share for the current year.

Insider Activity

In related news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total transaction of $29,645.00. Following the transaction, the director owned 87,113 shares of the company’s stock, valued at approximately $737,847.11. This represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently bought and sold shares of ARHS. Engineers Gate Manager LP boosted its stake in shares of Arhaus by 54.4% in the second quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after purchasing an additional 75,371 shares during the period. Squarepoint Ops LLC purchased a new stake in Arhaus during the 2nd quarter worth approximately $96,000. Ancora Advisors LLC acquired a new stake in Arhaus during the 2nd quarter worth approximately $34,000. Bank of New York Mellon Corp acquired a new stake in Arhaus during the 2nd quarter worth approximately $1,582,000. Finally, Hardin Capital Partners LLC purchased a new position in Arhaus in the 2nd quarter valued at approximately $672,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

About Arhaus

Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.

Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.

Arhaus primarily serves customers in the United States through its showrooms and online sales channels.