Arhaus (NASDAQ:ARHS) Price Target Raised to $16.00

Arhaus (NASDAQ:ARHS) had its price objective raised by TD Cowen from $11.00 to $16.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

ARHS has been the subject of a number of other research reports. Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, August 6th. Weiss Ratings upgraded Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Telsey Advisory Group raised their target price on Arhaus from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Friday, November 6th. Piper Sandler upgraded Arhaus from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $9.00 to $13.00 in a research note on Tuesday, October 20th. Finally, Robert W. Baird set a $10.00 price target on Arhaus in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and an average price target of $12.56.

Arhaus Stock Down 2.2%

ARHS stock opened at $14.56 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 0.64. The business’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $8.48. Arhaus has a fifty-two week low of $5.57 and a fifty-two week high of $15.17. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 4.31 and a beta of 2.24.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. Arhaus had a net margin of 4.52% and a return on equity of 15.89%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. On average, equities analysts anticipate that Arhaus will post 0.53 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 stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the completion of the transaction, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christian Sedor sold 4,450 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $15.08, for a total value of $67,106.00. Following the completion of the transaction, the chief accounting officer owned 5,669 shares of the company’s stock, valued at $85,488.52. The trade was a 43.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 283,346 shares of company stock valued at $3,575,888 in the last quarter. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC grew its position in Arhaus by 18,381.0% during the 3rd quarter. Voya Investment Management LLC now owns 2,044,363 shares of the company’s stock worth $19,360,000 after acquiring an additional 2,033,301 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Arhaus by 2.1% during the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after purchasing an additional 49,036 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Arhaus by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after purchasing an additional 185,208 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Arhaus by 2.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after purchasing an additional 22,580 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Arhaus by 95.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after buying an additional 223,692 shares during the period. Institutional investors own 27.88% of the company’s stock.

About Arhaus

Arhaus, Inc. is a U.S.-based home furnishings retailer that designs, sources and sells furniture and décor for residential spaces. Its product range includes indoor and outdoor furniture, rugs, lighting, textiles and accessories. Founded in 1986, the company offers its products through retail stores and an e-commerce platform. Arhaus serves customers across the United States. The company is headquartered in Boston Heights, Ohio, and emphasizes distinctive designs, craftsmanship and the use of materials sourced from around the world.