Arhaus (NASDAQ:ARHS) Shares Gap Up – Time to Buy?

Arhaus, Inc. (NASDAQ:ARHSGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $7.79, but opened at $8.60. Arhaus shares last traded at $8.5330, with a volume of 197,121 shares.

Analysts Set New Price Targets

ARHS has been the subject of a number of recent analyst reports. Craig Hallum upgraded shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Piper Sandler boosted their price objective on shares of Arhaus from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Telsey Advisory Group upped their target price on Arhaus from $8.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $10.00 price target on shares of Arhaus in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.22.

Check Out Our Latest Stock Analysis on ARHS

Arhaus Trading Up 6.4%

The business’s fifty day moving average price is $8.50 and its 200 day moving average price is $7.58. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.76 and a beta of 2.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60.

Arhaus (NASDAQ:ARHSGet Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $384.90 million during the quarter, compared to analysts’ expectations of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Research analysts anticipate that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total transaction of $29,645.00. Following the completion of the sale, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This trade represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Institutional Trading of Arhaus

Several large investors have recently modified their holdings of the stock. Engineers Gate Manager LP grew its stake in shares of Arhaus by 54.4% in the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after buying an additional 75,371 shares during the period. Squarepoint Ops LLC bought a new stake in Arhaus in the 2nd quarter worth about $96,000. Ancora Advisors LLC bought a new position in shares of Arhaus in the second quarter valued at approximately $34,000. Bank of New York Mellon Corp purchased a new stake in shares of Arhaus during the 2nd quarter valued at $1,582,000. Finally, Hardin Capital Partners LLC purchased a new stake in Arhaus during the second quarter worth about $672,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

(Get Free Report)

Arhaus, Inc is a lifestyle-oriented home furnishings company that designs, sources and sells furniture and décor for residential spaces. Its product assortment includes living room, bedroom, dining room and outdoor furniture, as well as rugs, lighting, textiles, mattresses, wall art and other home accessories. The company emphasizes distinctive designs, handcrafted details and materials sourced from around the world.

Arhaus sells its products through a combination of physical showrooms, its website and other direct-to-consumer channels.

Recommended Stories

Receive News & Ratings for Arhaus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arhaus and related companies with MarketBeat.com's FREE daily email newsletter.