Arhaus (NASDAQ:ARHS) Stock Jumps 6.6% – Still a Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s share price was up 6.6% during trading on Thursday. The stock traded as high as $9.83 and last traded at $9.9160. 87,138 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,347,058 shares. The stock had previously closed at $9.30.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ARHS shares. Piper Sandler lifted their price objective on Arhaus from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Craig Hallum upgraded Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, August 6th. Morgan Stanley increased their price objective on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.22.

Arhaus Trading Down 2.0%

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 business has a fifty day moving average price of $9.13 and a 200-day moving average price of $7.90. The company has a market cap of $1.41 billion, a P/E ratio of 19.86, a PEG ratio of 3.20 and a beta of 2.29.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The business had revenue of $384.90 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. On average, analysts forecast that Arhaus, Inc. will post 0.54 earnings per share for the current year.

Insider Activity at Arhaus

In other 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 transaction of $29,645.00. Following the transaction, the director directly owned 87,113 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Arhaus by 85.0% during the third quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock worth $25,000 after buying an additional 1,200 shares in the last quarter. Entropy Technologies LP raised its holdings in Arhaus by 7.0% in the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock valued at $213,000 after acquiring an additional 2,049 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Arhaus during the 2nd quarter valued at $34,000. Fifth Third Bancorp bought a new stake in shares of Arhaus during the 1st quarter valued at $40,000. Finally, Abel Hall LLC bought a new stake in shares of Arhaus during the 1st quarter valued at $68,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Company Profile

Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.

Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.

Arhaus primarily serves customers in the United States through its showrooms and online sales channels.