Arhaus (NASDAQ:ARHS) Stock Rating Reaffirmed by Telsey Advisory Group

Arhaus (NASDAQ:ARHS - Get Free Report)'s stock had its "outperform" rating reiterated by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $17.00 target price on the stock. Telsey Advisory Group's price target points to a potential upside of 23.82% from the stock's current price.

Separately, Bank of America increased their price objective on shares of Arhaus from $14.50 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.25.

Arhaus Stock Performance

Shares of NASDAQ ARHS traded up $0.12 during midday trading on Friday, hitting $13.73. The company's stock had a trading volume of 745,022 shares, compared to its average volume of 1,114,610. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. The firm's fifty day moving average price is $14.49 and its 200-day moving average price is $11.74. Arhaus has a 1-year low of $6.75 and a 1-year high of $16.60. The firm has a market cap of $1.93 billion, a P/E ratio of 15.29, a P/E/G ratio of 2.46 and a beta of 2.42.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $344.01 million for the quarter, compared to the consensus estimate of $336.73 million. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. During the same quarter last year, the business posted $0.34 EPS. On average, sell-side analysts forecast that Arhaus will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in Arhaus by 428,800.0% in the 2nd quarter. Barclays PLC now owns 4,289 shares of the company's stock valued at $45,000 after acquiring an additional 4,288 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Arhaus in the third quarter worth approximately $53,000. National Bank of Canada FI increased its holdings in shares of Arhaus by 647.1% in the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company's stock valued at $74,000 after buying an additional 5,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company's stock valued at $106,000 after buying an additional 3,635 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Arhaus in the 3rd quarter worth $118,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.