Investment Analysts’ Recent Ratings Changes for Arhaus (ARHS)

Several brokerages have updated their recommendations and price targets on shares of Arhaus (NASDAQ: ARHS) in the last few weeks:

• 8/12/2024 – Arhaus had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $15.00 price target on the stock.
• 8/12/2024 – Arhaus had its price target lowered by analysts at Stifel Nicolaus from $19.50 to $16.00. They now have a “buy” rating on the stock.
• 8/9/2024 – Arhaus had its price target lowered by analysts at Barclays PLC from $17.00 to $15.00. They now have an “overweight” rating on the stock.
• 8/9/2024 – Arhaus had its price target lowered by analysts at Robert W. Baird from $18.00 to $14.00. They now have an “outperform” rating on the stock.
• 8/9/2024 – Arhaus had its price target lowered by analysts at TD Cowen from $19.00 to $14.00. They now have a “buy” rating on the stock.
• 8/9/2024 – Arhaus had its price target lowered by analysts at Craig Hallum from $21.00 to $14.00. They now have a “buy” rating on the stock.
• 8/5/2024 – Arhaus had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $18.00 price target on the stock.
• 7/9/2024 – Arhaus is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $19.50 price target on the stock.
• 7/8/2024 – Arhaus was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $16.00 price target on the stock, down previously from $22.00.

Arhaus Trading Up 1.0 %

Arhaus stock opened at $12.54 on Wednesday. Arhaus, Inc. has a 52 week low of $7.56 and a 52 week high of $19.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.61 and a current ratio of 1.21. The stock has a market capitalization of $1.76 billion, a P/E ratio of 16.50, a PEG ratio of 2.13 and a beta of 2.57. The stock has a 50-day simple moving average of $14.81 and a 200 day simple moving average of $15.12.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a return on equity of 34.83% and a net margin of 8.30%. The business had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. During the same quarter last year, the company posted $0.29 earnings per share. Arhaus’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that Arhaus, Inc. will post 0.76 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $19.14, for a total value of $28,710.00. Following the sale, the insider now owns 68,785 shares of the company’s stock, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,960 shares of company stock worth $2,978,281. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GoodHaven Capital Management LLC raised its position in shares of Arhaus by 0.5% in the fourth quarter. GoodHaven Capital Management LLC now owns 209,580 shares of the company’s stock valued at $2,484,000 after buying an additional 1,000 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Arhaus in the second quarter valued at approximately $30,000. Olympiad Research LP raised its position in shares of Arhaus by 12.1% in the fourth quarter. Olympiad Research LP now owns 21,560 shares of the company’s stock valued at $255,000 after buying an additional 2,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $106,000 after buying an additional 3,635 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Arhaus by 1.5% in the first quarter. Nordea Investment Management AB now owns 278,089 shares of the company’s stock valued at $4,436,000 after buying an additional 4,169 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.