Arhaus (NASDAQ:ARHS) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Arhaus (NASDAQ:ARHS) had its price target hoisted by Telsey Advisory Group from $12.00 to $14.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group‘s price target points to a potential downside of 1.34% from the company’s previous close.

A number of other analysts have also issued reports on ARHS. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Morgan Stanley increased their price objective on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Craig Hallum upgraded Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 6th. Jefferies Financial Group raised shares of Arhaus from a “hold” rating to a “buy” rating and lifted their target price for the stock from $9.50 to $10.00 in a research note on Monday, September 21st. Finally, Zacks Research raised shares of Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.11.

Arhaus Price Performance

ARHS opened at $14.19 on Friday. The company has a market cap of $2.01 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 4.06 and a beta of 2.24. Arhaus has a twelve month low of $5.57 and a twelve month high of $14.27. The company has a 50-day moving average price of $9.90 and a 200 day moving average price of $8.41. The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The firm had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that Arhaus will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Arhaus

In related news, CEO John P. Reed sold 89,510 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total value of $1,166,315.30. Following the completion of the sale, the chief executive officer owned 115,799 shares of the company’s stock, valued at approximately $1,508,860.97. This trade represents a 43.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 278,896 shares of company stock worth $3,508,782 in the last ninety days. Insiders own 1.18% of the company’s stock.

Institutional Trading of Arhaus

Several large investors have recently added to or reduced their stakes in ARHS. Bank of America Corp DE increased its stake in shares of Arhaus by 2.1% in the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after acquiring an additional 49,036 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after acquiring an additional 185,208 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of Arhaus by 2.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after acquiring an additional 22,580 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Arhaus by 95.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after acquiring an additional 223,692 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Arhaus by 0.3% during the 3rd quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock valued at $2,979,000 after acquiring an additional 929 shares during the last quarter. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.