Arhaus, Inc. (NASDAQ:ARHS) Receives $12.20 Average Price Target from Brokerages

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.18.

A number of equities research analysts recently commented on ARHS shares. Loop Capital began coverage on shares of Arhaus in a research report on Friday. They issued a “hold” rating and a $12.00 price objective for the company. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Piper Sandler upped their price objective on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Jefferies Financial Group raised their target price on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Barclays decreased their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th.

Institutional Investors Weigh In On Arhaus

Several large investors have recently made changes to their positions in ARHS. Total Clarity Wealth Management Inc. bought a new stake in Arhaus during the 4th quarter valued at approximately $140,000. SG Americas Securities LLC grew its position in Arhaus by 41.4% during the 4th quarter. SG Americas Securities LLC now owns 23,132 shares of the company’s stock worth $217,000 after acquiring an additional 6,773 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in Arhaus by 2.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 43,000 shares of the company’s stock valued at $404,000 after purchasing an additional 1,000 shares in the last quarter. Procyon Advisors LLC acquired a new position in Arhaus during the 4th quarter worth about $293,000. Finally, Carnegie Investment Counsel increased its holdings in shares of Arhaus by 12.8% in the fourth quarter. Carnegie Investment Counsel now owns 332,410 shares of the company’s stock valued at $3,125,000 after purchasing an additional 37,670 shares in the last quarter. Institutional investors own 27.88% of the company’s stock.

Arhaus Stock Performance

Shares of ARHS opened at $12.35 on Wednesday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 12.14 and a beta of 2.58. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $10.27 and a 200 day moving average price of $11.33.

Arhaus (NASDAQ:ARHS) last posted its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Research analysts predict that Arhaus will post 0.46 EPS for the current fiscal year.

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.