Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) PT at $10.50

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen brokerages that are currently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $10.50.

A number of research firms recently weighed in on ARHS. Stifel Nicolaus dropped their price target on Arhaus from $11.50 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Loop Capital lowered their target price on Arhaus from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Telsey Advisory Group reiterated a "market perform" rating and set a $10.00 price target on shares of Arhaus in a research report on Thursday, May 15th. Baird R W lowered shares of Arhaus from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Finally, Piper Sandler dropped their target price on shares of Arhaus from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, May 5th.

Arhaus Price Performance

Arhaus stock traded up $0.14 during mid-day trading on Tuesday, hitting $8.89. 761,186 shares of the company were exchanged, compared to its average volume of 2,001,643. The company has a market capitalization of $1.25 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 11.57 and a beta of 2.65. The business has a fifty day moving average of $8.25 and a 200 day moving average of $9.73. Arhaus has a 1-year low of $6.61 and a 1-year 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.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. As a group, sell-side analysts expect that Arhaus will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in Arhaus by 3.2% in the first quarter. Rhumbline Advisers now owns 73,761 shares of the company's stock valued at $642,000 after purchasing an additional 2,255 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Arhaus by 24.1% during the first quarter. Goldman Sachs Group Inc. now owns 620,508 shares of the company's stock valued at $5,398,000 after purchasing an additional 120,314 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Arhaus by 3.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,079,256 shares of the company's stock valued at $9,390,000 after purchasing an additional 33,592 shares in the last quarter. Millennium Management LLC raised its holdings in Arhaus by 83.8% in the first quarter. Millennium Management LLC now owns 696,690 shares of the company's stock worth $6,061,000 after purchasing an additional 317,631 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Arhaus by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,478 shares of the company's stock worth $265,000 after purchasing an additional 1,326 shares in the last quarter. 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.