Arhaus, Inc. (NASDAQ:ARHS) Receives $10.50 Consensus Price Target from Brokerages

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has received an average recommendation of "Hold" from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.50.

Several equities research analysts have commented on the company. Guggenheim dropped their price target on Arhaus from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Loop Capital dropped their price target on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Piper Sandler dropped their price target on Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Wall Street Zen upgraded Arhaus from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Stifel Nicolaus dropped their price target on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a research note on Monday, May 12th.

Arhaus Price Performance

ARHS traded up $0.02 during trading on Wednesday, reaching $8.47. 1,560,272 shares of the stock were exchanged, compared to its average volume of 1,666,028. The business's 50 day moving average price is $8.73 and its two-hundred day moving average price is $9.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.26 and a quick ratio of 0.57. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 5.32 and a beta of 2.56. Arhaus has a 1 year low of $6.61 and a 1 year high of $16.53.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Arhaus had a return on equity of 17.36% and a net margin of 4.53%. The firm had revenue of $311.37 million for the quarter, compared to analysts' expectations of $314.76 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Arhaus will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently modified their holdings of ARHS. GAMMA Investing LLC grew its holdings in shares of Arhaus by 185.1% during the second quarter. GAMMA Investing LLC now owns 3,150 shares of the company's stock valued at $27,000 after buying an additional 2,045 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Arhaus during the fourth quarter valued at $58,000. KLP Kapitalforvaltning AS acquired a new stake in Arhaus during the fourth quarter valued at $69,000. AlphaQuest LLC boosted its position in Arhaus by 190.2% during the fourth quarter. AlphaQuest LLC now owns 8,828 shares of the company's stock valued at $83,000 after purchasing an additional 5,786 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Arhaus during the fourth quarter valued at $99,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.