Arhaus (NASDAQ:ARHS) Trading Up 7.5% – Time to Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s stock price rose 7.5% during trading on Monday . The company traded as high as $9.94 and last traded at $9.88. Approximately 585,348 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 902,067 shares. The stock had previously closed at $9.19.

Analyst Upgrades and Downgrades

ARHS has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Arhaus in a research report on Wednesday, October 9th. Wedbush lowered 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. Craig Hallum lowered Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Bank of America downgraded shares of Arhaus from a “buy” rating to a “neutral” rating and decreased their price target for the company from $15.00 to $11.00 in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.90.

Arhaus Trading Up 6.1 %

The firm has a 50 day simple moving average of $9.71 and a two-hundred day simple moving average of $11.94. The firm has a market capitalization of $1.37 billion, a P/E ratio of 17.41, a PEG ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million during the quarter, compared to analysts’ expectations of $328.94 million. During the same quarter last year, the business posted $0.14 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Institutional Trading of Arhaus

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after acquiring an additional 1,859,398 shares during the period. Principal Financial Group Inc. bought a new position in Arhaus during the third quarter worth about $814,000. Geode Capital Management LLC increased its stake in shares of Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock worth $14,874,000 after purchasing an additional 134,312 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Arhaus in the third quarter valued at approximately $236,000. Finally, Wellington Management Group LLP lifted its stake in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after buying an additional 636,691 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

Arhaus Company Profile

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.