Arhaus, Inc. (NASDAQ:ARHS) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate Arhaus a “Moderate Buy,” with five buy ratings, four holds, one strong buy, and an average 12-month price target of $10.22.
• Arhaus reported quarterly earnings of $0.28 per share, beating estimates of $0.16, while revenue rose 7.5% year over year to $384.9 million, above expectations.
• Institutional investors own 27.88% of the company, while an insider recently sold 3,500 shares; Arhaus stock was trading at $9.75, above its 50-day and 200-day moving averages.

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.22.

ARHS has been the topic of a number of analyst reports. Robert W. Baird set a $10.00 target price on shares of Arhaus in a research note on Friday, August 7th. Wall Street Zen raised shares of Arhaus from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Morgan Stanley lifted their target price on Arhaus from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Weiss Ratings raised Arhaus from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Zacks Research raised shares of Arhaus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday.

Insider Activity

In other news, Director Alton F. Doody III sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.18% of the company's stock.

Institutional Trading of Arhaus

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of Arhaus by 2.1% in the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company's stock valued at $15,847,000 after buying an additional 49,036 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company's stock valued at $7,994,000 after acquiring an additional 185,208 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Arhaus by 2.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company's stock valued at $7,564,000 after acquiring an additional 22,580 shares during the period. Meros Investment Management LP grew its position in Arhaus by 71.1% in the 4th quarter. Meros Investment Management LP now owns 821,734 shares of the company's stock valued at $9,212,000 after acquiring an additional 341,577 shares in the last quarter. Finally, Granite Investment Partners LLC increased its stake in Arhaus by 14.0% during the first quarter. Granite Investment Partners LLC now owns 460,322 shares of the company's stock worth $3,121,000 after purchasing an additional 56,628 shares during the period. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Stock Performance

Shares of Arhaus stock opened at $9.75 on Friday. Arhaus has a one year low of $5.57 and a one year high of $12.08. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 3.11 and a beta of 2.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33. The business's 50 day moving average price is $8.99 and its 200 day moving average price is $7.78.

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

Arhaus Company Profile

Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.

Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.

Arhaus primarily serves customers in the United States through its showrooms and online sales channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.