Arhaus (NASDAQ:ARHS) Trading 5.4% Higher - Still a Buy?

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) shares were up 5.4% on Tuesday . The stock traded as high as $8.99 and last traded at $9.14. Approximately 340,176 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,603,050 shares. The stock had previously closed at $8.67.

Analyst Ratings Changes

Several research analysts have weighed in on ARHS shares. Loop Capital lowered their price target on shares of Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Baird R W lowered Arhaus from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Robert W. Baird downgraded Arhaus from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $13.00 to $8.50 in a research note on Monday, April 7th. Stifel Nicolaus lowered their price objective on Arhaus from $11.50 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Raymond James Financial assumed coverage on shares of Arhaus in a research report on Monday, June 9th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.50.

Arhaus Price Performance

The business's 50 day moving average is $8.51 and its 200-day moving average is $9.49. The firm has a market capitalization of $1.35 billion, a P/E ratio of 23.29, a PEG ratio of 5.45 and a beta of 2.57. The company has a quick ratio of 0.57, a current ratio of 1.26 and a debt-to-equity ratio of 0.15.

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 business had revenue of $311.37 million for the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. Arhaus's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, sell-side analysts predict that Arhaus, Inc. will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Arhaus by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company's stock valued at $274,000 after purchasing an additional 984 shares in the last quarter. Rhumbline Advisers raised its holdings in Arhaus by 1.8% in the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company's stock valued at $672,000 after buying an additional 1,231 shares during the last quarter. Legal & General Group Plc boosted its position in Arhaus by 4.3% during the 4th quarter. Legal & General Group Plc now owns 37,440 shares of the company's stock worth $352,000 after buying an additional 1,531 shares during the period. Arizona State Retirement System grew its holdings in Arhaus by 24.9% during the 1st quarter. Arizona State Retirement System now owns 14,525 shares of the company's stock worth $126,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Arhaus by 7.2% in the 4th quarter. Janus Henderson Group PLC now owns 47,402 shares of the company's stock valued at $446,000 after acquiring an additional 3,185 shares during the period. 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.