Arhaus (NASDAQ:ARHS) Shares Gap Up – What’s Next?

Arhaus, Inc. (NASDAQ:ARHS) gapped up before the market opened on Friday . The stock had previously closed at $9.46, but opened at $10.86. Arhaus shares last traded at $10.62, with a volume of 1,051,325 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ARHS shares. Stifel Nicolaus dropped their price objective on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Wedbush lowered their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. 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. Finally, Barclays lowered their price target on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Arhaus currently has an average rating of “Moderate Buy” and a consensus target price of $12.80.

Arhaus Price Performance

The company’s 50-day moving average price is $9.79 and its 200-day moving average price is $11.74. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 14.78 and a beta of 2.58. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results 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). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The company had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same quarter last year, the firm earned $0.14 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts forecast that Arhaus, Inc. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARHS. Victory Capital Management Inc. increased its position in shares of Arhaus by 5.8% in the third quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock valued at $319,000 after buying an additional 1,416 shares in the last quarter. Amalgamated Bank acquired a new stake in Arhaus during the second quarter worth approximately $30,000. Soros Capital Management LLC grew its position 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 valued at $269,000 after purchasing an additional 3,358 shares during the period. Janus Henderson Group PLC lifted its position in Arhaus by 8.7% during the third quarter. Janus Henderson Group PLC now owns 44,217 shares of the company’s stock worth $544,000 after buying an additional 3,529 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Arhaus in the 3rd quarter valued at about $43,000. 27.88% of the stock is owned by hedge funds and other 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.