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

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.56.

ARHS has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Arhaus in a research note on Thursday, May 9th. 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 note on Wednesday, March 20th. TD Cowen increased their price target on Arhaus from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird increased their price target on Arhaus from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $20.00 price target (up from $19.00) on shares of Arhaus in a research note on Friday, May 10th.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GoodHaven Capital Management LLC raised its position in Arhaus by 0.5% during the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after purchasing an additional 1,000 shares during the period. Olympiad Research LP raised its holdings in shares of Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock worth $255,000 after buying an additional 2,334 shares during the period. Barclays PLC raised its holdings in shares of Arhaus by 65.4% in the third quarter. Barclays PLC now owns 7,092 shares of the company’s stock worth $66,000 after buying an additional 2,803 shares during the period. Aigen Investment Management LP raised its holdings in shares of Arhaus by 18.0% in the third quarter. Aigen Investment Management LP now owns 20,842 shares of the company’s stock worth $194,000 after buying an additional 3,176 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after buying an additional 3,635 shares during the period. 27.88% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Stock Performance

NASDAQ ARHS opened at $16.01 on Friday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 2.48 and a beta of 2.48. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $14.97 and a 200-day moving average price of $12.57. Arhaus has a twelve month low of $6.75 and a twelve month high of $17.27.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The firm had revenue of $295.16 million during the quarter, compared to analyst estimates of $263.23 million. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. As a group, equities research analysts predict that Arhaus will post 0.76 EPS for the current fiscal year.

Arhaus Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given 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.