Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) PT at $12.90

Arhaus, Inc. (NASDAQ:ARHS) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.90.

Several equities research analysts recently commented on ARHS shares. Telsey Advisory Group upgraded Arhaus from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.00 to $12.00 in a report on Thursday, November 14th. Craig Hallum cut shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wedbush decreased their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th.

Arhaus Trading Up 1.3 %

Shares of NASDAQ ARHS opened at $9.40 on Friday. The firm’s 50 day moving average price is $9.69 and its 200-day moving average price is $12.07. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The company has a market cap of $1.32 billion, a PE ratio of 16.79, a P/E/G ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. On average, equities research analysts expect that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in Arhaus by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank bought a new position in shares of Arhaus in the second quarter worth approximately $30,000. Soros Capital Management LLC increased its stake in shares of Arhaus by 18.2% in the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock worth $269,000 after purchasing an additional 3,358 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Arhaus by 8.7% during the 3rd quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock valued at $544,000 after purchasing an additional 3,529 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Arhaus during the 3rd quarter valued at $43,000. Institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.