Wedbush Begins Coverage on Arhaus (NASDAQ:ARHS)

Stock analysts at Wedbush initiated coverage on shares of Arhaus (NASDAQ:ARHS) in a research report issued on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $11.00 price target on the stock. Wedbush’s price target points to a potential upside of 6.08% from the stock’s previous close.

A number of other analysts also recently issued reports on ARHS. Telsey Advisory Group reissued an “outperform” rating and set a $15.00 price target on shares of Arhaus in a report on Monday, August 12th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday. Barclays cut their price target on Arhaus from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Stifel Nicolaus lowered their price target on Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Craig Hallum cut their price objective on Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and an average target price of $14.27.

Arhaus Price Performance

Shares of ARHS opened at $10.37 on Friday. The company has a 50 day moving average of $12.03 and a two-hundred day moving average of $14.65. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. Arhaus has a twelve month low of $7.56 and a twelve month high of $19.81. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51.

Arhaus (NASDAQ:ARHS) last released its earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $309.80 million for the quarter, compared to the consensus estimate of $314.28 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Arhaus’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Arhaus will post 0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the transaction, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Arhaus

Several institutional investors have recently made changes to their positions in ARHS. Price T Rowe Associates Inc. MD acquired a new stake in Arhaus during the first quarter worth $8,326,000. FACT Capital LP boosted its stake in Arhaus by 63.6% during the fourth quarter. FACT Capital LP now owns 798,931 shares of the company’s stock worth $9,467,000 after buying an additional 310,566 shares during the period. Sei Investments Co. raised its stake in shares of Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock valued at $5,896,000 after acquiring an additional 252,192 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Arhaus by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 153,764 shares of the company’s stock worth $2,605,000 after purchasing an additional 112,583 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Arhaus by 142.4% in the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock valued at $4,794,000 after purchasing an additional 182,979 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

About Arhaus

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.