Arhaus, Inc. (NASDAQ:ARHS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.09.

ARHS has been the topic of a number of research reports. Craig Hallum reduced their price target on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Bank of America decreased their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird cut their price target on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Stifel Nicolaus decreased their price objective on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Barclays cut their target price on shares of Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Friday, August 9th.

Insider Buying and Selling at Arhaus

In related news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank bought a new stake in shares of Arhaus during the second quarter worth $30,000. Quest Partners LLC boosted its position in Arhaus by 716,800.0% in the 2nd quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after buying an additional 7,168 shares during the period. Ground Swell Capital LLC bought a new position in Arhaus in the 2nd quarter worth about $183,000. Ballentine Partners LLC bought a new position in Arhaus in the 1st quarter worth about $204,000. Finally, Aspiriant LLC purchased a new position in shares of Arhaus during the first quarter worth approximately $204,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Price Performance

Shares of Arhaus stock opened at $10.52 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The stock’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $14.62. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. As a group, analysts expect that Arhaus will post 0.48 earnings per share for the current fiscal year.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.