Arhaus, Inc. (NASDAQ:ARHS) Stock Has Average Target Price of $10.22

Arhaus, Inc. (NASDAQ:ARHS – Get Free Report) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.22.

Several equities research analysts recently weighed in on ARHS shares. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.50 to $10.00 in a research note on Monday, September 21st. Robert W. Baird set a $10.00 target price on Arhaus in a research report on Friday, August 7th. Telsey Advisory Group lifted their target price on Arhaus from $8.00 to $10.00 and gave the company a “market perform” rating in a research note on Friday, August 7th. Morgan Stanley lifted their target price on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note 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.

Get Our Latest Report on ARHS

Insider Buying and Selling at Arhaus

In related news, 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 transaction of $29,645.00. Following the sale, the director directly owned 87,113 shares in the company, valued at $737,847.11. The trade was a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arhaus

A number of institutional investors and hedge funds have recently bought and sold shares of ARHS. Dimensional Fund Advisors LP raised its position in shares of Arhaus by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after buying an additional 185,208 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Arhaus by 95.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock worth $3,112,000 after acquiring an additional 223,692 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Arhaus in the second quarter valued at approximately $1,582,000. Engineers Gate Manager LP boosted its holdings in shares of Arhaus by 54.4% in the second quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after acquiring an additional 75,371 shares in the last quarter. Finally, Hardin Capital Partners LLC bought a new position in shares of Arhaus in the second quarter valued at approximately $672,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Arhaus stock opened at $9.69 on Friday. The stock’s 50 day moving average price is $9.04 and its 200 day moving average price is $7.80. The firm has a market capitalization of $1.37 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 3.06 and a beta of 2.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 1.33. Arhaus has a one year low of $5.57 and a one year high of $12.08.

Arhaus (NASDAQ:ARHS – Get Free Report) last announced its 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 business had revenue of $384.90 million during the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, sell-side analysts expect that Arhaus will post 0.54 EPS for the current fiscal year.

Arhaus Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Arhaus (NASDAQ:ARHS)

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