Arhaus (NASDAQ:ARHS) Price Target Raised to $17.00

Arhaus (NASDAQ:ARHS) had its target price raised by Guggenheim from $12.00 to $17.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

ARHS has been the topic of several other research reports. Morgan Stanley lifted their price objective on shares of Arhaus from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. 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 research note on Thursday, August 6th. Piper Sandler upgraded shares of Arhaus from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $13.00 in a report on Tuesday, October 20th. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and increased their target price for the stock from $9.50 to $10.00 in a report on Monday, September 21st. Finally, Wall Street Zen raised shares of Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Arhaus Price Performance

Arhaus stock opened at $13.52 on Tuesday. The business’s 50-day simple moving average is $10.37 and its 200 day simple moving average is $8.49. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 4.23 and a beta of 2.24. Arhaus has a 12-month low of $5.57 and a 12-month high of $15.17. The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The business had revenue of $368.12 million for the quarter, compared to analyst estimates of $370.56 million. During the same period in the prior year, the firm posted $0.09 EPS. Arhaus’s revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Arhaus will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder 2018 Reed Dynasty Trust sold 77,695 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total transaction of $1,012,365.85. Following the completion of the sale, the insider directly owned 64,927 shares of the company’s stock, valued at approximately $845,998.81. This represents a 54.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John P. Reed sold 89,510 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total transaction of $1,166,315.30. Following the sale, the chief executive officer owned 115,799 shares in the company, valued at $1,508,860.97. This trade represents a 43.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 283,346 shares of company stock worth $3,575,888. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in ARHS. King Luther Capital Management Corp lifted its position in Arhaus by 0.3% in the 3rd quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock valued at $2,979,000 after acquiring an additional 929 shares in the last quarter. GAMMA Investing LLC increased its holdings in Arhaus by 85.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares in the last quarter. Entropy Technologies LP increased its holdings in Arhaus by 7.0% during the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after purchasing an additional 2,049 shares in the last quarter. Ancora Advisors LLC bought a new position in Arhaus during the 2nd quarter worth about $34,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Arhaus in the 1st quarter valued at about $40,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

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.