Zacks Research upgraded shares of Arhaus (NASDAQ:ARHS – Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks reports.
ARHS has been the subject of a number of other reports. Telsey Advisory Group lifted their price target on Arhaus from $8.00 to $10.00 and gave the stock a “market perform” rating in a research note on Friday, August 7th. Robert W. Baird set a $10.00 price objective on Arhaus in a research note on Friday, August 7th. Piper Sandler increased their target price on Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Morgan Stanley increased their target price on Arhaus from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.22.
Get Our Latest Analysis on ARHS
Arhaus Trading Down 0.8%
Arhaus (NASDAQ:ARHS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.12. The company had revenue of $384.90 million during 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%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. As a group, research analysts expect that Arhaus will post 0.54 EPS for the current fiscal year.
Insider Activity at Arhaus
In related news, Director Alton F. Doody III sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total transaction of $29,645.00. Following the completion of the sale, the director owned 87,113 shares of the company’s stock, valued at $737,847.11. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.
Hedge Funds Weigh In On Arhaus
A number of large investors have recently bought and sold shares of the business. Ancora Advisors LLC bought a new position in shares of Arhaus during the second quarter valued at approximately $34,000. Fifth Third Bancorp acquired a new position in Arhaus during the 1st quarter valued at approximately $40,000. Abel Hall LLC acquired a new position in Arhaus during the 1st quarter valued at approximately $68,000. Squarepoint Ops LLC bought a new position in Arhaus during the 2nd quarter worth $96,000. Finally, MQS Management LLC bought a new position in Arhaus during the 1st quarter worth $107,000. Institutional investors own 27.88% of the company’s stock.
About Arhaus
Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.
Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.
Arhaus primarily serves customers in the United States through its showrooms and online sales channels.
Further Reading
- Five stocks we like better than Arhaus
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
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.
