Arhaus’ (ARHS) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential upside of 0.46% from the company’s previous close.

Several other analysts have also recently issued reports on ARHS. Loop Capital began coverage on Arhaus in a report on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Wedbush dropped their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Stifel Nicolaus boosted their target price on shares of Arhaus from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Price Performance

Shares of ARHS traded down $0.96 during mid-day trading on Wednesday, hitting $10.95. 2,830,772 shares of the company were exchanged, compared to its average volume of 1,777,356. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The company has a 50 day moving average of $11.16 and a 200-day moving average of $10.88. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 11.57 and a beta of 2.63. Arhaus has a 1-year low of $8.30 and a 1-year high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Arhaus by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,152 shares of the company’s stock valued at $274,000 after acquiring an additional 984 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of Arhaus by 2.4% in 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 during the last quarter. Rhumbline Advisers raised its holdings in shares of Arhaus by 1.8% in the 4th quarter. Rhumbline Advisers now owns 71,506 shares of the company’s stock valued at $672,000 after purchasing an additional 1,231 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Arhaus by 4.3% during the fourth quarter. Legal & General Group Plc now owns 37,440 shares of the company’s stock worth $352,000 after purchasing an additional 1,531 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.