Arhaus, Inc. (NASDAQ:ARHS) Receives $12.90 Consensus Price Target from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.90.

Several equities research analysts have weighed in on ARHS shares. Stifel Nicolaus dropped their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Telsey Advisory Group upgraded shares of Arhaus from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $12.00 in a research report on Thursday, November 14th. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th.

Arhaus Trading Down 1.7 %

NASDAQ ARHS opened at $10.52 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. Arhaus has a one year low of $8.30 and a one year high of $19.81. The company has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $13.11. The firm has a market capitalization of $1.48 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 14.30 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, equities analysts forecast that Arhaus will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Arhaus during the third quarter worth approximately $236,000. Wellington Management Group LLP grew its position in Arhaus by 107.0% in the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after buying an additional 636,691 shares during the last quarter. State Street Corp increased its holdings in shares of Arhaus by 14.5% in the third quarter. State Street Corp now owns 930,023 shares of the company’s stock valued at $11,449,000 after buying an additional 117,422 shares in the last quarter. Finally, Janus Henderson Group PLC lifted 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 acquiring an additional 3,529 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.