Arhaus (NASDAQ:ARHS - Free Report) had its price objective boosted by TD Cowen from $18.00 to $19.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also recently commented on ARHS. Telsey Advisory Group restated an outperform rating and issued a $17.00 target price on shares of Arhaus in a research report on Thursday, May 9th. Robert W. Baird upped their price objective on shares of Arhaus from $16.00 to $18.00 and gave the stock an outperform rating in a report on Friday, May 10th. Bank of America increased their target price on shares of Arhaus from $14.50 to $17.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Finally, Piper Sandler restated an overweight rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $16.56.
Read Our Latest Report on Arhaus
Arhaus Stock Performance
ARHS traded up $0.05 on Monday, hitting $16.40. 1,057,276 shares of the company's stock were exchanged, compared to its average volume of 1,132,430. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $14.95 and a two-hundred day moving average of $12.47. Arhaus has a twelve month low of $6.75 and a twelve month high of $17.27. The firm has a market cap of $2.30 billion, a PE ratio of 21.58, a P/E/G ratio of 2.84 and a beta of 2.48.
Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business had revenue of $295.16 million for the quarter, compared to analysts' expectations of $263.23 million. On average, research analysts anticipate that Arhaus will post 0.76 earnings per share for the current fiscal year.
Arhaus Announces Dividend
The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.
Hedge Funds Weigh In On Arhaus
A number of institutional investors have recently bought and sold shares of ARHS. Virtu Financial LLC purchased a new stake in shares of Arhaus in the first quarter valued at $212,000. California State Teachers Retirement System boosted its position in Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company's stock worth $552,000 after acquiring an additional 5,178 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Arhaus by 66.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 98,858 shares of the company's stock valued at $1,521,000 after acquiring an additional 39,626 shares in the last quarter. Janus Henderson Group PLC grew its stake in Arhaus by 188.1% during the 1st quarter. Janus Henderson Group PLC now owns 44,774 shares of the company's stock valued at $688,000 after acquiring an additional 29,231 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Arhaus in the 1st quarter valued at about $290,000. Hedge funds and other institutional investors own 27.88% of the company's stock.
About Arhaus
(
Get Free Report)
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.
Further Reading
Before you consider Arhaus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arhaus wasn't on the list.
While Arhaus currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
