Arhaus, Inc. (NASDAQ:ARHS) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Arhaus, Inc. (NASDAQ:ARHS) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.00.

A number of equities research analysts have recently issued reports on ARHS shares. Morgan Stanley boosted their price target on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Robert W. Baird set a $10.00 price objective on shares of Arhaus in a research note on Friday, August 7th. Telsey Advisory Group lifted their price objective on shares of Arhaus from $12.00 to $14.00 and gave the stock a “market perform” rating in a research report on Friday. 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 note on Thursday, August 6th. Finally, Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a report on Monday, July 20th.

Insider Activity

In related news, CEO John Reed sold 89,510 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total transaction of $1,166,315.30. Following the transaction, the chief executive officer directly owned 115,799 shares of the company’s stock, valued at approximately $1,508,860.97. The trade was a 43.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2018 Reed Dynasty Trust sold 77,695 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total value of $1,012,365.85. Following the completion of the sale, the insider directly owned 64,927 shares of the company’s stock, valued at approximately $845,998.81. This represents a 54.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 278,896 shares of company stock worth $3,508,782. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of Arhaus

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Arhaus by 85.0% during the third quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock valued at $25,000 after purchasing an additional 1,200 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Arhaus during the 2nd quarter valued at $34,000. Fifth Third Bancorp acquired a new stake in shares of Arhaus during the 1st quarter valued at $40,000. Abel Hall LLC acquired a new stake in shares of Arhaus during the 1st quarter valued at $68,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Arhaus during the 2nd quarter valued at $96,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Trading Up 5.8%

NASDAQ:ARHS opened at $15.02 on Tuesday. 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 has a 1-year low of $5.57 and a 1-year high of $15.17. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 3.73 and a beta of 2.24. The stock has a fifty day simple moving average of $10.02 and a 200 day simple moving average of $8.43.

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 17.23% and a net margin of 4.91%. The company had revenue of $368.12 million for the quarter, compared to analyst estimates of $370.56 million. During the same quarter in the previous year, the firm posted $0.09 EPS. Arhaus’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that Arhaus will post 0.54 earnings per share for the current year.

Arhaus Company Profile