Arhaus, Inc. (NASDAQ:ARHS) Receives $12.20 Consensus PT from Analysts

Shares of Arhaus, Inc. (NASDAQ:ARHS) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $12.18.

A number of brokerages have issued reports on ARHS. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Barclays lowered their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus increased their price objective on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Wedbush lowered their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently bought and sold shares of the business. Daymark Wealth Partners LLC boosted its stake in shares of Arhaus by 2.4% in the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after buying an additional 1,000 shares during the period. Victory Capital Management Inc. raised its holdings in Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new position in Arhaus in the second quarter worth approximately $30,000. Soros Capital Management LLC grew its holdings in Arhaus by 18.2% during the 3rd quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after acquiring an additional 3,358 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Arhaus by 8.7% in the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after purchasing an additional 3,529 shares during the last quarter. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Price Performance

Shares of NASDAQ ARHS opened at $12.35 on Wednesday. The firm has a market cap of $1.74 billion, a P/E ratio of 22.05, a PEG ratio of 12.14 and a beta of 2.58. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $10.27 and a 200 day moving average of $11.33.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Arhaus Company Profile

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.