Arhaus, Inc. (NASDAQ:ARHS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.25.

ARHS has been the topic of a number of analyst reports. Bank of America increased their price target on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Telsey Advisory Group reissued an “outperform” rating and set a $17.00 target price on shares of Arhaus in a research report on Friday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of Arhaus by 428,800.0% in the second quarter. Barclays PLC now owns 4,289 shares of the company’s stock valued at $45,000 after buying an additional 4,288 shares in the last quarter. North Growth Management Ltd. grew its position in shares of Arhaus by 111.1% in the third quarter. North Growth Management Ltd. now owns 266,000 shares of the company’s stock valued at $2,477,000 after purchasing an additional 140,000 shares during the period. Voss Capital LLC grew its position in Arhaus by 24.2% during the third quarter. Voss Capital LLC now owns 500,000 shares of the company’s stock valued at $4,650,000 after acquiring an additional 97,411 shares during the period. Bank of New York Mellon Corp grew its position in Arhaus by 19.8% during the third quarter. Bank of New York Mellon Corp now owns 96,696 shares of the company’s stock valued at $899,000 after acquiring an additional 15,967 shares during the period. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Arhaus during the third quarter valued at about $6,016,000. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

NASDAQ ARHS opened at $13.73 on Monday. The stock has a market cap of $1.93 billion, a PE ratio of 15.29, a P/E/G ratio of 2.46 and a beta of 2.42. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. Arhaus has a twelve month low of $6.75 and a twelve month high of $16.60. The stock has a fifty day simple moving average of $14.49 and a 200-day simple moving average of $11.74.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $336.73 million. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. During the same quarter in the prior year, the company earned $0.34 EPS. Equities analysts anticipate that Arhaus will post 0.75 earnings per share for the current year.

Arhaus Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th.

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.