Arhaus (NASDAQ:ARHS) Hits New 12-Month High Following Analyst Upgrade

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s stock price hit a new 52-week high during trading on Monday after Robert W. Baird raised their price target on the stock from $16.00 to $18.00. Robert W. Baird currently has an outperform rating on the stock. Arhaus traded as high as $16.75 and last traded at $16.58, with a volume of 939478 shares changing hands. The stock had previously closed at $16.32.

Several other analysts have also recently commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $17.00 price target on shares of Arhaus in a report on Thursday. Bank of America upped their target price on Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.25.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently bought and sold shares of the stock. GoodHaven Capital Management LLC increased its stake in shares of Arhaus by 0.5% in the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company's stock worth $2,484,000 after purchasing an additional 1,000 shares during the period. Olympiad Research LP increased its stake in shares of Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company's stock worth $255,000 after purchasing an additional 2,334 shares during the period. Barclays PLC increased its stake in shares of Arhaus by 65.4% in the third quarter. Barclays PLC now owns 7,092 shares of the company's stock worth $66,000 after purchasing an additional 2,803 shares during the period. Aigen Investment Management LP increased its stake in shares of Arhaus by 18.0% in the third quarter. Aigen Investment Management LP now owns 20,842 shares of the company's stock worth $194,000 after purchasing an additional 3,176 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Arhaus by 68.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock valued at $106,000 after acquiring an additional 3,635 shares during the period. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 0.78. The stock has a market capitalization of $2.30 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.86 and a beta of 2.48. The firm has a 50 day moving average of $14.69 and a 200-day moving average of $12.18.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. Arhaus had a return on equity of 34.10% and a net margin of 8.30%. The firm had revenue of $295.16 million for the quarter, compared to analyst estimates of $263.23 million. On average, equities research analysts expect that Arhaus, Inc. will post 0.75 earnings per share for the current fiscal year.

Arhaus Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

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.