Arhaus, Inc. (NASDAQ:ARHS) Receives $15.00 Average Target Price from Analysts

Arhaus, Inc. (NASDAQ:ARHS) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.00.

ARHS has been the subject of several recent research reports. Robert W. Baird cut their target price on shares of Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group lowered shares of Arhaus from a “buy” rating to a “hold” rating and cut their target price for the company from $22.00 to $16.00 in a research report on Monday, July 8th. Craig Hallum cut their target price on shares of Arhaus from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen cut their target price on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Stifel Nicolaus lowered their price target on shares of Arhaus from $19.50 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 12th.

Arhaus Stock Performance

Shares of ARHS stock opened at $12.31 on Friday. The company has a 50 day moving average price of $14.47 and a 200-day moving average price of $15.10. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81. The firm has a market capitalization of $1.73 billion, a PE ratio of 16.20, a P/E/G ratio of 2.13 and a beta of 2.57. The company has a quick ratio of 0.61, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

Arhaus (NASDAQ:ARHS) last announced 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. The firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a net margin of 8.30% and a return on equity of 34.83%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. As a group, equities research analysts expect that Arhaus will post 0.76 earnings per share for the current year.

Insider Transactions at Arhaus

In other news, insider Lisa Chi sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total value of $28,710.00. Following the transaction, the insider now owns 68,785 shares of the company’s stock, valued at $1,316,544.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Dawn Phillipson sold 150,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $18.97, for a total transaction of $2,845,500.00. Following the sale, the chief financial officer now owns 499,555 shares of the company’s stock, valued at $9,476,558.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lisa Chi sold 1,500 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the insider now directly owns 68,785 shares in the company, valued at approximately $1,316,544.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,960 shares of company stock valued at $2,978,281. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ARHS. Susquehanna Fundamental Investments LLC bought a new position in shares of Arhaus in the second quarter worth about $244,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Arhaus during the second quarter valued at about $331,000. Interval Partners LP lifted its position in shares of Arhaus by 9.4% during the second quarter. Interval Partners LP now owns 772,288 shares of the company’s stock valued at $13,083,000 after buying an additional 66,583 shares during the last quarter. Sei Investments Co. lifted its position in shares of Arhaus by 25.6% during the second quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after buying an additional 98,240 shares during the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Arhaus during the second quarter valued at about $7,641,000. 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.