Shares of Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) rose 6.1% during mid-day trading on Tuesday . The stock traded as high as $10.06 and last traded at $10.11. Approximately 790,459 shares were traded during trading, a decline of 41% from the average daily volume of 1,348,002 shares. The stock had previously closed at $9.53.
Analysts Set New Price Targets
ARHS has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Arhaus from $12.00 to $11.00 and set a “buy” rating for the company in a report on Monday, May 11th. Robert W. Baird set a $10.00 target price on Arhaus in a report on Friday, August 7th. Guggenheim reduced their price target on Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wall Street Zen raised Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, TD Cowen lowered their price objective on Arhaus from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.12.
View Our Latest Analysis on ARHS
Arhaus Stock Performance
Arhaus (NASDAQ:ARHS – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The business had revenue of $384.90 million for the quarter, compared to analyst estimates of $365.66 million. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. Arhaus’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. On average, equities research analysts anticipate that Arhaus, Inc. will post 0.54 EPS for the current fiscal year.
Institutional Investors Weigh In On Arhaus
Several institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new stake in Arhaus in the second quarter worth approximately $34,000. Bank of New York Mellon Corp bought a new position in shares of Arhaus during the 2nd quarter worth approximately $1,582,000. Hardin Capital Partners LLC acquired a new stake in shares of Arhaus during the 2nd quarter worth approximately $672,000. Bank of America Corp DE grew its position in shares of Arhaus by 2.1% during the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after buying an additional 49,036 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Arhaus by 151.7% in the 1st quarter. Quantinno Capital Management LP now owns 57,595 shares of the company’s stock valued at $390,000 after acquiring an additional 34,714 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.
Arhaus Company Profile
Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.
The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.
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