Arhaus (NASDAQ:ARHS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Arhaus (NASDAQ:ARHS) from a sell rating to a hold rating in a research report released on Monday.

A number of other equities research analysts have also issued reports on ARHS. Guggenheim dropped their target price on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, May 8th. Piper Sandler decreased their price target on shares of Arhaus from $11.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Telsey Advisory Group set a $8.00 price target on shares of Arhaus and gave the stock a “market perform” rating in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arhaus in a report on Wednesday, June 17th. Finally, Robert W. Baird set a $8.00 target price on shares of Arhaus in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Arhaus presently has a consensus rating of “Hold” and an average price target of $9.58.

Arhaus Price Performance

Shares of Arhaus stock opened at $7.44 on Monday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.83, a PEG ratio of 3.04 and a beta of 2.28. The business has a 50 day simple moving average of $7.20 and a two-hundred day simple moving average of $8.01. Arhaus has a 12 month low of $5.57 and a 12 month high of $12.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 0.46.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Arhaus had a return on equity of 16.39% and a net margin of 4.67%.The firm had revenue of $314.28 million during the quarter, compared to analysts’ expectations of $313.97 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts predict that Arhaus will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hardin Capital Partners LLC purchased a new position in Arhaus during the second quarter worth about $672,000. Bank of America Corp DE lifted its holdings in shares of Arhaus by 2.1% in the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after acquiring an additional 49,036 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Arhaus by 151.7% in the 1st quarter. Quantinno Capital Management LP now owns 57,595 shares of the company’s stock worth $390,000 after acquiring an additional 34,714 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Arhaus by 2.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after purchasing an additional 22,580 shares during the period. Finally, Entropy Technologies LP boosted its position in shares of Arhaus by 7.0% during the 1st quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after purchasing an additional 2,049 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.