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

Arhaus, Inc. (NASDAQ:ARHS) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.90.

ARHS has been the topic of a number of recent analyst reports. Telsey Advisory Group upgraded Arhaus from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.00 to $12.00 in a research report on Thursday. Jefferies Financial Group reissued a “hold” rating and set a $12.00 target price on shares of Arhaus in a research note on Wednesday, October 9th. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. TD Cowen reduced their price objective on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

Arhaus Stock Down 1.1 %

ARHS opened at $9.58 on Friday. The company has a fifty day moving average of $10.53 and a two-hundred day moving average of $13.69. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 12.85 and a beta of 2.58. Arhaus has a fifty-two week low of $8.22 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The business had revenue of $319.13 million during the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the company posted $0.14 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts expect that Arhaus will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARHS. Wasatch Advisors LP grew its holdings in shares of Arhaus by 26.6% in the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after purchasing an additional 2,536,075 shares during the period. Verition Fund Management LLC grew its stake in shares of Arhaus by 24.8% in the 3rd quarter. Verition Fund Management LLC now owns 166,681 shares of the company’s stock valued at $2,052,000 after buying an additional 33,108 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Arhaus by 20.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,215 shares of the company’s stock worth $680,000 after buying an additional 9,248 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Arhaus by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 29,978 shares of the company’s stock valued at $369,000 after buying an additional 16,891 shares during the period. Finally, Soros Capital Management LLC lifted its holdings in Arhaus by 18.2% in the third quarter. Soros Capital Management LLC now owns 21,857 shares of the company’s stock valued at $269,000 after acquiring an additional 3,358 shares during the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Arhaus Company Profile

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.