Guggenheim Forecasts Strong Price Appreciation for Arhaus (NASDAQ:ARHS) Stock

Arhaus (NASDAQ:ARHS) had its target price lifted by equities researchers at Guggenheim from $12.00 to $17.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim‘s price objective would indicate a potential upside of 13.18% from the company’s previous close.

Several other equities analysts have also issued reports on ARHS. Jefferies Financial Group raised Arhaus from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.50 to $10.00 in a research note on Monday, September 21st. TD Cowen raised their price objective on shares of Arhaus from $11.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday. Telsey Advisory Group raised their price objective on shares of Arhaus from $12.00 to $14.00 and gave the stock a “market perform” rating in a research report on Friday. Piper Sandler upgraded 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 research note on Tuesday, October 20th. Finally, Morgan Stanley boosted their target price on shares of Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Arhaus presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.56.

Arhaus Stock Up 5.8%

Shares of ARHS opened at $15.02 on Tuesday. The company has a market capitalization of $2.13 billion, a PE ratio of 32.65, a PEG ratio of 3.73 and a beta of 2.24. Arhaus has a 12 month low of $5.57 and a 12 month high of $15.17. The stock’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $8.43. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The company had revenue of $368.12 million during the quarter, compared to the consensus estimate of $370.56 million. Arhaus had a net margin of 4.91% and a return on equity of 17.23%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts anticipate that Arhaus will post 0.54 EPS for the current year.

Insider Activity

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director owned 87,113 shares in the company, valued at approximately $737,847.11. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John P. Reed sold 89,510 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total value of $1,166,315.30. Following the completion of the transaction, the chief executive officer owned 115,799 shares in the company, valued at approximately $1,508,860.97. The trade was a 43.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 278,896 shares of company stock worth $3,508,782 in the last three months. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in Arhaus by 2.1% in the 1st quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock valued at $15,847,000 after purchasing an additional 49,036 shares during the period. Dimensional Fund Advisors LP raised its holdings 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. raised its holdings 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 lifted its stake in shares of Arhaus by 95.1% in the first 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 lifted its stake in shares of Arhaus by 0.3% in the third 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. 27.88% of the stock is owned by institutional investors and hedge funds.

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