Arhaus, Inc. (NASDAQ:ARHS) Given Average Recommendation of “Hold” by Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.50.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Arhaus from $11.50 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Baird R W lowered shares of Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Wall Street Zen lowered shares of Arhaus from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Raymond James Financial assumed coverage on shares of Arhaus in a research report on Monday, June 9th. They set a “market perform” rating on the stock. Finally, Robert W. Baird lowered shares of Arhaus from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $8.50 in a research report on Monday, April 7th.

Hedge Funds Weigh In On Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Arhaus by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 5,062,635 shares of the company’s stock worth $47,589,000 after purchasing an additional 50,250 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Arhaus by 32.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,590,184 shares of the company’s stock worth $24,348,000 after purchasing an additional 627,952 shares during the last quarter. Bank of America Corp DE grew its holdings in Arhaus by 1,532.9% in the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock worth $23,480,000 after purchasing an additional 2,672,239 shares during the last quarter. CenterBook Partners LP grew its holdings in Arhaus by 145.8% in the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company’s stock worth $16,456,000 after purchasing an additional 1,122,004 shares during the last quarter. Finally, Emerald Advisers LLC grew its holdings in Arhaus by 2.4% in the first quarter. Emerald Advisers LLC now owns 1,667,128 shares of the company’s stock worth $14,504,000 after purchasing an additional 38,674 shares during the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Stock Up 0.3%

Shares of NASDAQ ARHS opened at $8.73 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.26 and a quick ratio of 0.57. The company has a market cap of $1.23 billion, a P/E ratio of 21.29, a PEG ratio of 5.47 and a beta of 2.63. Arhaus has a 1 year low of $6.61 and a 1 year high of $17.45. The firm has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $9.53.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $311.37 million during the quarter, compared to the consensus estimate of $314.76 million. Arhaus had a return on equity of 17.36% and a net margin of 4.53%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Research analysts anticipate that Arhaus will post 0.46 earnings per share for the current year.

Arhaus Company Profile

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.