Arhaus (NASDAQ:ARHS) Sets New 52-Week High - What's Next?

Key Points

• Arhaus shares reached a new 52-week high of $12.09 and last traded at $12.10, up from the previous close of $11.52.
• Analyst sentiment has improved, with recent upgrades from Craig Hallum, Zacks Research and Piper Sandler. The stock carries a “Moderate Buy” consensus rating, though its average price target of $10.78 is below the current price.
• Arhaus reported quarterly EPS of $0.28 versus the $0.16 consensus estimate, while revenue rose 7.5% year over year to $384.9 million. Institutional investors own 27.88% of the company, while an insider recently sold shares.

Shares of Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) hit a new 52-week high during trading on Thursday. The company traded as high as $12.09 and last traded at $12.10, with a volume of 54,985 shares trading hands. The stock had previously closed at $11.52.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ARHS shares. Craig Hallum upgraded Arhaus from a "hold" rating to a "buy" rating and set a $12.00 price objective on the stock in a research note on Thursday, August 6th. Zacks Research raised Arhaus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. Robert W. Baird set a $10.00 price target on Arhaus in a report on Friday, August 7th. Telsey Advisory Group raised their price target on shares of Arhaus from $10.00 to $11.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 20th. Finally, Piper Sandler raised shares of Arhaus from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $9.00 to $13.00 in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $10.78.

Arhaus Stock Performance

The stock has a market capitalization of $1.72 billion, a P/E ratio of 24.26, a PEG ratio of 3.33 and a beta of 2.29. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $9.40 and a two-hundred day moving average price of $8.34.

Arhaus (NASDAQ:ARHS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $384.90 million during the quarter, compared to analysts' expectations of $365.66 million. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. Arhaus's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. Equities analysts expect that Arhaus, Inc. will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Arhaus

In related news, Director Alton F. Doody III sold 3,500 shares of the firm'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 sale, the director directly owned 87,113 shares of the company's stock, valued at $737,847.11. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ARHS. GAMMA Investing LLC grew its holdings in shares of Arhaus by 85.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company's stock valued at $25,000 after purchasing an additional 1,200 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at about $34,000. Fifth Third Bancorp purchased a new stake in shares of Arhaus during the first quarter valued at approximately $40,000. Abel Hall LLC purchased a new position in shares of Arhaus in the first quarter worth $68,000. Finally, Squarepoint Ops LLC bought a new stake in Arhaus during the 2nd quarter valued at $96,000. Institutional investors own 27.88% of the company's stock.

About Arhaus

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.

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