Arhaus (NASDAQ:ARHS) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Arhaus has been upgraded by Wall Street Zen from a "hold" rating to a "buy" rating, reflecting increased analyst optimism about the stock.
• The stock's current consensus rating is "Hold," with a price target of $10.92, indicating a mix of ratings from various analysts.
• In Q2, Arhaus reported earnings of $0.25 per share, surpassing expectations and showing a revenue growth of 15.6% year-over-year, with total revenue reaching $358.44 million.

Arhaus (NASDAQ:ARHS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other research analysts have also weighed in on ARHS. Telsey Advisory Group reissued a "market perform" rating and issued a $10.00 price objective on shares of Arhaus in a report on Monday, August 4th. Zacks Research raised Arhaus from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Raymond James Financial initiated coverage on Arhaus in a research note on Monday, June 9th. They issued a "market perform" rating on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Arhaus in a research note on Saturday, September 27th. Finally, Stifel Nicolaus upped their target price on Arhaus from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.92.

Arhaus Stock Performance

Shares of ARHS stock traded up $0.11 during mid-day trading on Friday, reaching $11.03. The stock had a trading volume of 2,394,263 shares, compared to its average volume of 1,744,788. The business's fifty day moving average is $11.10 and its 200-day moving average is $9.44. The company has a current ratio of 1.33, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 6.22 and a beta of 2.54. Arhaus has a 1-year low of $6.61 and a 1-year high of $13.02.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The business had revenue of $358.44 million for the quarter, compared to analyst estimates of $333.39 million. Arhaus had a return on equity of 20.08% and a net margin of 5.33%.The company's revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Arhaus will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. CenterBook Partners LP lifted its position in shares of Arhaus by 145.8% in 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 in the last quarter. Wasatch Advisors LP lifted its position in shares of Arhaus by 6.8% in the second quarter. Wasatch Advisors LP now owns 12,703,259 shares of the company's stock valued at $110,137,000 after acquiring an additional 811,337 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Arhaus in the second quarter valued at approximately $4,691,000. Long Focus Capital Management LLC increased its holdings in shares of Arhaus by 35.2% in the first quarter. Long Focus Capital Management LLC now owns 1,520,800 shares of the company's stock valued at $13,231,000 after purchasing an additional 395,800 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Arhaus by 83.8% in the first quarter. Millennium Management LLC now owns 696,690 shares of the company's stock valued at $6,061,000 after purchasing an additional 317,631 shares during the last quarter. Hedge funds and other institutional investors 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.

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