Arhaus, Inc. (NASDAQ:ARHS) Receives $16.77 Consensus Target Price from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.86.

A number of research analysts have recently commented on ARHS shares. Robert W. Baird upped their price target on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Stifel Nicolaus started coverage on Arhaus in a research report on Tuesday, July 9th. They set a “buy” rating and a $19.50 price target on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 price target on shares of Arhaus in a research report on Monday. TD Cowen upped their price target on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, May 20th. Finally, Jefferies Financial Group cut Arhaus from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $22.00 to $16.00 in a report on Monday, July 8th.

Arhaus Stock Up 3.5 %

ARHS stock opened at $14.30 on Wednesday. The stock’s fifty day simple moving average is $16.81 and its two-hundred day simple moving average is $15.10. The company has a current ratio of 1.21, a quick ratio of 0.61 and a debt-to-equity ratio of 0.19. Arhaus has a 1-year low of $7.56 and a 1-year high of $19.81. The stock has a market cap of $2.01 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.13 and a beta of 2.57.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The firm had revenue of $295.16 million for the quarter, compared to analysts’ expectations of $263.23 million. Analysts expect that Arhaus will post 0.76 EPS for the current year.

Insiders Place Their Bets

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total value of $104,070.60. Following the transaction, the insider now directly owns 36,736 shares in the company, valued at approximately $591,816.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the completion of the transaction, the insider now owns 68,785 shares in the company, valued at $1,316,544.90. The disclosure for this sale can be found here. Insiders have sold 157,960 shares of company stock worth $2,978,281 in the last ninety days. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arhaus

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP increased its position in shares of Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock valued at $135,312,000 after purchasing an additional 5,233,776 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Arhaus by 11.8% during the 1st quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock valued at $67,518,000 after purchasing an additional 463,749 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of Arhaus by 0.6% during the 1st quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock valued at $23,813,000 after purchasing an additional 8,824 shares during the last quarter. Summit Creek Advisors LLC increased its position in shares of Arhaus by 0.7% during the 1st quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock valued at $19,420,000 after purchasing an additional 8,461 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Arhaus by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,234,886 shares of the company’s stock valued at $20,919,000 after purchasing an additional 48,406 shares during the last quarter. 27.88% of the stock is currently owned by institutional investors.

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.