Arhaus (NASDAQ:ARHS) Shares Up 7.5% – Time to Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s stock price rose 7.5% during mid-day trading on Monday . The stock traded as high as $9.94 and last traded at $9.88. Approximately 585,348 shares traded hands during trading, a decline of 35% from the average daily volume of 902,067 shares. The stock had previously closed at $9.19.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Stifel Nicolaus reduced their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wedbush dropped their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.90.

Arhaus Price Performance

The company has a market cap of $1.33 billion, a P/E ratio of 16.89, a P/E/G ratio of 14.78 and a beta of 2.58. The company’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $11.78. The company has a current ratio of 1.23, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data 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 firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same quarter in the previous year, the company earned $0.14 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Arhaus by 1,808.2% during the third quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Arhaus in the third quarter worth $814,000. Geode Capital Management LLC lifted its stake in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after buying an additional 134,312 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Arhaus during the third quarter valued at $236,000. Finally, Wellington Management Group LLP grew its position in shares of Arhaus by 107.0% during the third quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock worth $15,160,000 after acquiring an additional 636,691 shares during the last quarter. Institutional investors and hedge funds 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.