Arhaus (NASDAQ:ARHS – Free Report) had its price target hoisted by Telsey Advisory Group from $12.00 to $14.00 in a report issued on Friday,Benzinga reports. They currently have a market perform rating on the stock.
A number of other equities analysts have also weighed in on the stock. 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 research report on Monday, September 21st. Weiss Ratings raised shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Piper Sandler upgraded shares of Arhaus from a “neutral” rating to an “overweight” rating and upped their price target for the company from $9.00 to $13.00 in a research note on Tuesday, October 20th. Finally, Morgan Stanley lifted their price objective on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Arhaus presently has an average rating of “Moderate Buy” and an average target price of $11.11.
Read Our Latest Stock Report on Arhaus
Arhaus Price Performance
Shares of NASDAQ ARHS opened at $14.19 on Friday. Arhaus has a 1-year low of $5.57 and a 1-year high of $14.27. The company has a current ratio of 1.30, a quick ratio of 0.64 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $8.41. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 4.06 and a beta of 2.24.
Arhaus (NASDAQ:ARHS – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The firm had revenue of $368.12 million for the quarter, compared to the consensus estimate of $370.56 million. During the same quarter in the previous year, the company posted $0.09 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Arhaus will post 0.54 earnings per share for the current year.
Insiders Place Their Bets
In other Arhaus news, CEO John Reed sold 89,510 shares of Arhaus stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 115,799 shares of the company’s stock, valued at $1,508,860.97. The trade was a 43.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alton F. Doody III sold 3,500 shares of Arhaus stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director directly owned 87,113 shares of the company’s stock, valued at $737,847.11. The trade was a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 278,896 shares of company stock worth $3,508,782 in the last quarter. 1.18% of the stock is owned by company insiders.
Institutional Trading of Arhaus
Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Arhaus by 42.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 86,529 shares of the company’s stock worth $819,000 after purchasing an additional 25,625 shares in the last quarter. King Luther Capital Management Corp grew its position in shares of Arhaus by 0.3% during the 3rd quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock valued at $2,979,000 after purchasing an additional 929 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Arhaus by 85.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock valued at $25,000 after purchasing an additional 1,200 shares in the last quarter. Engineers Gate Manager LP increased its stake in Arhaus by 54.4% during the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after purchasing an additional 75,371 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Arhaus in the second quarter worth about $96,000. Institutional investors own 27.88% of the company’s stock.
Arhaus Company Profile
Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.
Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.
Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.
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