Arhaus, Inc. (NASDAQ:ARHS) Stock Has Average Target Price of $10.22 According to Analysts

Shares of Arhaus, Inc. (NASDAQ:ARHS) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.22.

ARHS has been the subject of several recent research reports. Zacks Research raised Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Jefferies Financial Group raised shares of Arhaus from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.50 to $10.00 in a report on Monday, September 21st. Piper Sandler increased their target price on shares of Arhaus from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th.

Insider Activity

In related news, Director Alton F. Doody III sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total transaction of $29,645.00. Following the sale, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Arhaus by 85.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock valued at $25,000 after buying an additional 1,200 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Arhaus by 54.4% during the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock valued at $1,802,000 after acquiring an additional 75,371 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Arhaus during the second quarter worth $96,000. Ancora Advisors LLC purchased a new stake in shares of Arhaus during the second quarter worth $34,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Arhaus during the second quarter worth $1,582,000. 27.88% of the stock is owned by institutional investors.

Arhaus Stock Performance

NASDAQ:ARHS opened at $9.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.33 and a quick ratio of 0.60. The business has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $7.84. Arhaus has a 1 year low of $5.57 and a 1 year high of $12.08. The company has a market capitalization of $1.36 billion, a P/E ratio of 19.00, a P/E/G ratio of 3.00 and a beta of 2.29.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. Arhaus had a return on equity of 17.23% and a net margin of 4.91%. The firm had revenue of $384.90 million for the quarter, compared to analyst estimates of $365.66 million. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Arhaus will post 0.54 earnings per share for the current year.

About Arhaus

Arhaus, Inc is a lifestyle and home furnishings company that designs, sources, and sells premium furniture and décor. Its product range includes living room, dining room, bedroom, and outdoor furniture, along with lighting, rugs, textiles, wall art, accessories, and other home décor.

Founded in 1986 by John Reed, Arhaus operates through a network of retail showrooms and an e-commerce platform. The company emphasizes distinctive designs, artisan craftsmanship, and the use of materials such as reclaimed wood and recycled fabrics in selected products.

Arhaus primarily serves customers in the United States through its showrooms and online sales channels.