Arhaus (NASDAQ:ARHS) Reaches New 12-Month High – Here’s Why

Arhaus, Inc. (NASDAQ:ARHS) shares hit a new 52-week high on Wednesday. The company traded as high as $13.01 and last traded at $12.83, with a volume of 702,302 shares trading hands. The stock had previously closed at $12.06.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARHS. Telsey Advisory Group upped their price objective on shares of Arhaus from $10.00 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, October 20th. Morgan Stanley lifted their target price on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Jefferies Financial Group raised Arhaus from a “hold” rating to a “buy” rating and boosted their target price for the company from $9.50 to $10.00 in a research report on Monday, September 21st. Piper Sandler upgraded Arhaus from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $9.00 to $13.00 in a research note on Tuesday, October 20th. Finally, Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Arhaus has an average rating of “Moderate Buy” and a consensus price target of $10.78.

Arhaus Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. The company has a market capitalization of $1.85 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 3.56 and a beta of 2.24. The stock’s 50 day simple moving average is $9.63 and its 200-day simple moving average is $8.37.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.16 by $0.12. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The business had revenue of $384.90 million during the quarter, compared to analyst estimates of $365.66 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Arhaus

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction that occurred on 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. This represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 185,208 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Arhaus by 95.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock worth $3,112,000 after purchasing an additional 223,692 shares during the period. Bank of New York Mellon Corp acquired a new stake in Arhaus in the 2nd quarter valued at about $1,582,000. Engineers Gate Manager LP boosted its stake in shares of Arhaus by 54.4% in the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after buying an additional 75,371 shares during the period. Finally, Hardin Capital Partners LLC purchased a new position in shares of Arhaus in the 2nd quarter valued at about $672,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

About Arhaus

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.