Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) Target Price at $10.12

Arhaus, Inc. (NASDAQ:ARHS) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $10.2222.

Several brokerages have commented on ARHS. Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Piper Sandler upped their price objective on Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Jefferies Financial Group upgraded Arhaus from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Thursday, August 6th.

Insider Buying and Selling

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction 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 completion of the transaction, the director owned 87,113 shares in the company, valued at $737,847.11. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its stake in Arhaus by 54.4% during the second quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock worth $1,802,000 after acquiring an additional 75,371 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at approximately $96,000. Ancora Advisors LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at approximately $34,000. Bank of New York Mellon Corp purchased a new position in shares of Arhaus in the 2nd quarter worth approximately $1,582,000. Finally, Hardin Capital Partners LLC purchased a new position in shares of Arhaus in the 2nd quarter worth approximately $672,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

NASDAQ:ARHS opened at $7.79 on Monday. 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’s 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $7.56. The stock has a market cap of $1.10 billion, a PE ratio of 15.58, a P/E/G ratio of 2.46 and a beta of 2.30. Arhaus has a 52 week low of $5.57 and a 52 week high of $12.08.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The firm had revenue of $384.90 million during the quarter, compared to analyst estimates of $365.66 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that Arhaus will post 0.54 EPS for the current fiscal year.

About Arhaus

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.