Arhaus (NASDAQ:ARHS) Trading 3.8% Higher – Here’s What Happened

Arhaus, Inc. (NASDAQ:ARHS)’s stock price rose 3.8% during trading on Monday . The company traded as high as $11.95 and last traded at $11.74. Approximately 251,912 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,606,050 shares. The stock had previously closed at $11.30.

Wall Street Analyst Weigh In

ARHS has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research report on Friday, January 10th. Wedbush dropped their target price on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Loop Capital initiated coverage on Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 price target on the stock. Piper Sandler increased their price objective on Arhaus from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Barclays cut their target price on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Arhaus presently has an average rating of “Moderate Buy” and a consensus price target of $12.18.

Arhaus Price Performance

The company has a market cap of $1.54 billion, a P/E ratio of 19.55, a PEG ratio of 11.57 and a beta of 2.63. The firm’s 50-day moving average is $11.16 and its two-hundred day moving average is $10.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Wednesday, February 26th. The company reported $0.14 earnings per share 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 anticipate that Arhaus, Inc. will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

A number of institutional investors and hedge funds have recently bought and sold shares of ARHS. Paradigm Capital Management Inc. NY bought a new position in shares of Arhaus during the fourth quarter valued at approximately $564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Arhaus by 30.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,835 shares of the company’s stock valued at $675,000 after acquiring an additional 16,620 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Arhaus by 28.2% in the 4th quarter. Rafferty Asset Management LLC now owns 15,513 shares of the company’s stock valued at $146,000 after acquiring an additional 3,410 shares during the period. ProShare Advisors LLC purchased a new position in shares of Arhaus in the 4th quarter valued at $136,000. Finally, Meros Investment Management LP lifted its stake in shares of Arhaus by 16.3% during the 4th quarter. Meros Investment Management LP now owns 580,680 shares of the company’s stock worth $5,458,000 after purchasing an additional 81,353 shares during the last quarter. 27.88% of the stock is owned by institutional investors.

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.