Telsey Advisory Group Issues Positive Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS) had its price objective boosted by research analysts at Telsey Advisory Group from $12.00 to $14.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group‘s target price suggests a potential downside of 1.34% from the stock’s previous close.

Several other equities analysts have also recently issued reports on ARHS. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Craig Hallum raised shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Piper Sandler raised shares of Arhaus from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a report on Tuesday, October 20th. Finally, Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.50 to $10.00 in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arhaus presently has a consensus rating of “Moderate Buy” and an average target price of $11.11.

Arhaus Price Performance

Arhaus stock opened at $14.19 on Friday. The business’s 50-day moving average price is $9.90 and its 200 day moving average price is $8.41. The company has a quick ratio of 0.64, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 4.06 and a beta of 2.24. Arhaus has a 52 week low of $5.57 and a 52 week high of $14.27.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Arhaus had a net margin of 4.52% and a return on equity of 15.89%. The company had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arhaus will post 0.54 earnings per share for the current year.

Insider Transactions at Arhaus

In related news, Director Alton F. Doody III sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total transaction of $29,645.00. Following the completion of the transaction, the director owned 87,113 shares in the company, valued at $737,847.11. This represents a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Reed sold 89,510 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $13.03, for a total transaction of $1,166,315.30. Following the completion of the transaction, the chief executive officer directly owned 115,799 shares in the company, valued at $1,508,860.97. This represents a 43.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 278,896 shares of company stock valued at $3,508,782 over the last 90 days. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Arhaus

A number of hedge funds have recently made changes to their positions in ARHS. Bank of America Corp DE lifted its position in Arhaus by 2.1% during the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after buying an additional 49,036 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Arhaus by 18.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock worth $7,994,000 after buying an additional 185,208 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Arhaus by 2.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after buying an additional 22,580 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Arhaus by 95.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,025 shares of the company’s stock valued at $3,112,000 after buying an additional 223,692 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Arhaus by 0.3% in the 3rd quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock valued at $2,979,000 after buying an additional 929 shares in the last quarter. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

Arhaus, Inc is a lifestyle-focused retailer of luxury and artisan-inspired furniture and home furnishings. The company offers products for living rooms, bedrooms, dining areas, offices and outdoor spaces, along with lighting, rugs, textiles, wall art, mirrors, décor and other home accessories.

Arhaus combines retail showrooms with e-commerce and interior design services, providing products intended to support a coordinated approach to home furnishing. Its collections are developed through collaborations with designers and craftspeople and may incorporate materials such as reclaimed wood, natural stone, upholstery fabrics and other distinctive finishes.

Founded in 1986, Arhaus serves customers primarily in the United States through its stores, online platform and interior design professionals.