Arhaus (NASDAQ:ARHS) Trading 9.7% Higher

Arhaus, Inc. (NASDAQ:ARHS - Get Free Report)'s share price was up 9.7% during trading on Thursday . The company traded as high as $14.72 and last traded at $14.50. Approximately 155,583 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,091,848 shares. The stock had previously closed at $13.22.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ARHS shares. Bank of America lifted 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $17.00 price objective on shares of Arhaus in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.25.

Arhaus Price Performance

The company has a market cap of $2.17 billion, a PE ratio of 16.46, a P/E/G ratio of 2.30 and a beta of 2.48. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $14.51 and a 200 day simple moving average of $11.99.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The company had revenue of $344.01 million for the quarter, compared to analysts' expectations of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities analysts expect that Arhaus, Inc. will post 0.75 EPS for the current year.

Arhaus Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Arhaus by 19.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 96,696 shares of the company's stock worth $899,000 after purchasing an additional 15,967 shares during the period. Summit Creek Advisors LLC lifted its stake in Arhaus by 8.3% in the third quarter. Summit Creek Advisors LLC now owns 1,342,071 shares of the company's stock worth $12,481,000 after acquiring an additional 102,402 shares during the last quarter. Olympiad Research LP acquired a new position in Arhaus during the 3rd quarter worth approximately $179,000. Victory Capital Management Inc. increased its position in shares of Arhaus by 62.2% in the 3rd quarter. Victory Capital Management Inc. now owns 28,450 shares of the company's stock valued at $265,000 after purchasing an additional 10,912 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Arhaus by 65.4% in the 3rd quarter. Barclays PLC now owns 7,092 shares of the company's stock valued at $66,000 after purchasing an additional 2,803 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company's stock.

Arhaus Company Profile

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.