Arhaus (NASDAQ:ARHS) Stock Gets Price Target Bump from Telsey Advisory Group

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

Several other brokerages have also issued reports on ARHS. Craig Hallum upgraded shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, August 6th. Wall Street Zen raised shares of Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Zacks Research upgraded shares of Arhaus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Finally, Morgan Stanley lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.11.

Arhaus Stock Performance

NASDAQ:ARHS opened at $14.19 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 0.64. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 4.06 and a beta of 2.24. The company’s 50-day moving average is $9.90 and its two-hundred day moving average is $8.41. Arhaus has a 1-year low of $5.57 and a 1-year high of $14.27.

Arhaus (NASDAQ:ARHS) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $368.12 million during the quarter, compared to analysts’ expectations of $370.56 million. Arhaus had a net margin of 4.52% and a return on equity of 15.89%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. Analysts forecast that Arhaus will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Arhaus news, CEO John Reed sold 89,510 shares of the business’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was 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 $737,847.11. This represents a 3.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 278,896 shares of company stock worth $3,508,782 over the last three months. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Arhaus

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Arhaus by 2.1% during the 1st 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 position in Arhaus by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,179,268 shares of the company’s stock valued at $7,994,000 after buying an additional 185,208 shares during the period. Punch & Associates Investment Management Inc. grew its stake in shares of Arhaus by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock worth $7,564,000 after acquiring an additional 22,580 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 worth $3,112,000 after acquiring an additional 223,692 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of Arhaus by 0.3% during the third quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock worth $2,979,000 after acquiring an additional 929 shares during the period. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.