Arhaus, Inc. (NASDAQ:ARHS) Receives Consensus Rating of “Moderate Buy” from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.00.

A number of analysts recently weighed in on ARHS shares. Robert W. Baird lowered their price target on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. TD Cowen lowered their target price on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group lowered Arhaus from a “buy” rating to a “hold” rating and cut their price target for the company from $22.00 to $16.00 in a research note on Monday, July 8th. Stifel Nicolaus lowered their price objective on Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Craig Hallum cut their target price on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Arhaus Trading Down 1.0 %

ARHS stock opened at $12.31 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.21 and a quick ratio of 0.61. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 2.13 and a beta of 2.57. The business has a fifty day moving average price of $14.56 and a 200 day moving average price of $15.08. Arhaus has a fifty-two week low of $7.56 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Analysts expect that Arhaus will post 0.76 EPS for the current fiscal year.

Insider Transactions at Arhaus

In related news, insider Lisa Chi sold 1,500 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the completion of the sale, the chief financial officer now owns 499,555 shares of the company’s stock, valued at approximately $9,476,558.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,960 shares of company stock worth $2,978,281. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arhaus

A number of hedge funds have recently modified their holdings of the business. Amalgamated Bank bought a new stake in Arhaus during the 2nd quarter worth approximately $30,000. National Bank of Canada FI boosted its holdings in shares of Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after buying an additional 5,500 shares during the period. Quest Partners LLC increased its position in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arhaus by 68.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after acquiring an additional 3,635 shares during the period. Finally, Sapient Capital LLC bought a new stake in Arhaus in the 4th quarter valued at $118,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.