Arhaus, Inc. (NASDAQ:ARHS) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a neutral outlook on Arhaus: Seven of 11 analysts rate the stock “Hold,” while four recommend buying it. The average 12-month price target is $10.13, above the reported $8.10 share price.
• Arhaus reported stronger-than-expected quarterly results, with EPS of $0.28 versus the $0.16 consensus estimate and revenue of $384.9 million, up 7.5% year over year.
• Insider ownership is limited: A director recently sold 3,500 shares for approximately $29,645, while insiders collectively own 1.18% of the company; institutional investors own 27.88%.

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have been given an average recommendation of "Hold" by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.1250.

Several research analysts have recently commented on ARHS shares. Telsey Advisory Group raised their price target on Arhaus from $8.00 to $10.00 and gave the stock a "market perform" rating in a research report on Friday, August 7th. Weiss Ratings upgraded Arhaus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Robert W. Baird set a $10.00 target price on Arhaus in a report on Friday, August 7th. Craig Hallum upgraded shares of Arhaus from a "hold" rating to a "buy" rating and set a $12.00 price objective for the company in a report on Thursday, August 6th. Finally, Piper Sandler increased their target price on shares of Arhaus from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, August 7th.

Insider Activity

In other news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the sale, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On Arhaus

Several large investors have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its stake in shares of Arhaus by 89.8% in the 3rd quarter. Larson Financial Group LLC now owns 2,780 shares of the company's stock valued at $30,000 after buying an additional 1,315 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Arhaus during the third quarter worth approximately $30,000. Global Retirement Partners LLC acquired a new stake in Arhaus in the fourth quarter valued at approximately $39,000. Ancora Advisors LLC acquired a new stake in Arhaus in the second quarter valued at approximately $34,000. Finally, Quarry LP lifted its stake in Arhaus by 203.0% in the third quarter. Quarry LP now owns 4,996 shares of the company's stock worth $53,000 after acquiring an additional 3,347 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company's stock.

Arhaus Stock Performance

Shares of ARHS stock opened at $8.10 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. The firm has a market cap of $1.15 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.56 and a beta of 2.30. The company has a 50-day moving average of $8.49 and a two-hundred day moving average of $7.59. Arhaus has a 1-year low of $5.57 and a 1-year high of $12.08.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.12. The business had revenue of $384.90 million for the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The business's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. On average, analysts predict that Arhaus will post 0.54 EPS for the current year.

Arhaus Company Profile

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.

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