Arhaus, Inc. (NASDAQ:ARHS) Receives $10.50 Average Price Target from Analysts

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has been given a consensus recommendation of "Hold" by the fifteen analysts that are covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.50.

A number of equities analysts recently issued reports on ARHS shares. Stifel Nicolaus decreased their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Piper Sandler decreased their price objective on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Loop Capital decreased their price objective on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a report on Friday, May 9th. Raymond James Financial started coverage on Arhaus in a report on Monday, June 9th. They issued a "market perform" rating for the company. Finally, Baird R W downgraded Arhaus from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.

Institutional Trading of Arhaus

Several large investors have recently added to or reduced their stakes in ARHS. Bank of America Corp DE raised its stake in Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock valued at $23,480,000 after purchasing an additional 2,672,239 shares during the period. Barclays PLC increased its position in Arhaus by 108.6% during the fourth quarter. Barclays PLC now owns 110,447 shares of the company's stock worth $1,038,000 after buying an additional 1,391,342 shares during the last quarter. Long Focus Capital Management LLC bought a new stake in Arhaus during the fourth quarter valued at about $10,575,000. CenterBook Partners LP boosted its holdings in Arhaus by 145.8% during the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after acquiring an additional 1,122,004 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Arhaus by 808.3% during the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock valued at $8,457,000 after acquiring an additional 1,026,710 shares during the period. 27.88% of the stock is owned by institutional investors and hedge funds.

Arhaus Stock Up 4.3%

Shares of NASDAQ:ARHS traded up $0.35 during trading on Wednesday, hitting $8.42. The company's stock had a trading volume of 1,097,714 shares, compared to its average volume of 1,654,001. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.57 and a current ratio of 1.26. The company has a market capitalization of $1.19 billion, a PE ratio of 20.52, a PEG ratio of 5.13 and a beta of 2.56. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $17.05. The stock's 50-day moving average price is $8.71 and its two-hundred day moving average price is $9.45.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a net margin of 4.53% and a return on equity of 17.36%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, sell-side analysts expect that Arhaus will post 0.46 EPS for the current 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.