Arhaus (NASDAQ:ARHS) Receives “Outperform” Rating from Telsey Advisory Group

Arhaus (NASDAQ:ARHS)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued on Thursday, Benzinga reports. They currently have a $17.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 16.52% from the company’s current price.

Separately, Bank of America increased their price target on Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and an average price target of $15.25.

Arhaus Price Performance

NASDAQ ARHS traded up $1.37 during trading on Thursday, hitting $14.59. 344,303 shares of the company’s stock were exchanged, compared to its average volume of 1,091,390. The company has a current ratio of 1.50, a quick ratio of 0.78 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.05 billion, a PE ratio of 16.24, a P/E/G ratio of 2.30 and a beta of 2.48. Arhaus has a fifty-two week low of $6.75 and a fifty-two week high of $16.60. The stock’s 50 day moving average price is $14.51 and its two-hundred day moving average price is $11.99.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $336.73 million. During the same period in the prior year, the business earned $0.34 EPS. Research analysts expect that Arhaus will post 0.75 EPS for the current year.

Institutional Investors Weigh In On Arhaus

Several large investors have recently added to or reduced their stakes in ARHS. Entropy Technologies LP bought a new position in Arhaus in the 1st quarter worth about $250,000. Russell Investments Group Ltd. boosted its stake in Arhaus by 142.4% in the 1st quarter. Russell Investments Group Ltd. now owns 311,509 shares of the company’s stock worth $4,794,000 after purchasing an additional 182,979 shares during the period. Sei Investments Co. boosted its stake in Arhaus by 192.7% in the 1st quarter. Sei Investments Co. now owns 383,091 shares of the company’s stock worth $5,896,000 after purchasing an additional 252,192 shares during the period. Swiss National Bank boosted its stake in Arhaus by 16.1% in the 1st quarter. Swiss National Bank now owns 78,700 shares of the company’s stock worth $1,211,000 after purchasing an additional 10,900 shares during the period. Finally, Lisanti Capital Growth LLC bought a new position in Arhaus in the 1st quarter worth about $4,034,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.