Telsey Advisory Group Reiterates Outperform Rating for Arhaus (NASDAQ:ARHS)

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS) in a research report report published on Friday morning, Benzinga reports. Telsey Advisory Group currently has a $17.00 target price on the stock.

Separately, Bank of America boosted their target price on shares of Arhaus from $14.50 to $17.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $15.25.

Arhaus Price Performance

Arhaus stock opened at $13.46 on Friday. The stock has a fifty day moving average of $14.51 and a 200-day moving average of $11.83. The stock has a market capitalization of $1.89 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 2.40 and a beta of 2.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.78 and a current ratio of 1.50. Arhaus has a 52 week low of $6.75 and a 52 week high of $16.60.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Arhaus had a return on equity of 42.60% and a net margin of 9.73%. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $336.73 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, sell-side analysts expect that Arhaus will post 0.75 earnings per share for the current fiscal year.

Arhaus Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Trading of Arhaus

Several institutional investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its holdings in Arhaus by 147.1% during the 1st quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after buying an additional 5,233,776 shares during the period. Scopus Asset Management L.P. acquired a new position in shares of Arhaus in the third quarter worth approximately $17,671,000. Vanguard Group Inc. boosted its holdings in Arhaus by 61.1% in the third quarter. Vanguard Group Inc. now owns 3,059,110 shares of the company’s stock valued at $28,450,000 after acquiring an additional 1,159,856 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in Arhaus during the 3rd quarter valued at approximately $6,016,000. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Arhaus by 120.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 1,035,212 shares of the company’s stock worth $9,627,000 after purchasing an additional 565,320 shares during the last quarter. 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.