Arhaus (NASDAQ:ARHS) Shares Up 6.6% – Should You Buy?

Arhaus, Inc. (NASDAQ:ARHS) shares were up 6.6% on Thursday. The stock traded as high as $9.83 and last traded at $9.9160. Approximately 87,138 shares were traded during trading, a decline of 94% from the average session volume of 1,347,058 shares. The stock had previously closed at $9.30.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ARHS shares. Robert W. Baird set a $10.00 price target on shares of Arhaus in a research note on Friday, August 7th. Piper Sandler raised their target price on Arhaus from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Telsey Advisory Group boosted their price target on Arhaus from $8.00 to $10.00 and gave the stock a “market perform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.22.

Arhaus Trading Up 9.2%

The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $7.86. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 3.03 and a beta of 2.29.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $365.66 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that Arhaus, Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Arhaus

In other Arhaus news, Director Alton F. Doody III sold 3,500 shares of Arhaus stock in a transaction 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 sale, the director owned 87,113 shares in the company, valued at $737,847.11. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arhaus

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Arhaus by 85.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock valued at $25,000 after acquiring an additional 1,200 shares during the period. Ancora Advisors LLC acquired a new position in Arhaus in the 2nd quarter valued at about $34,000. Fifth Third Bancorp acquired a new position in Arhaus in the 1st quarter valued at about $40,000. Abel Hall LLC purchased a new stake in Arhaus during the first quarter worth about $68,000. Finally, Squarepoint Ops LLC purchased a new stake in Arhaus during the second quarter worth about $96,000. Institutional investors and hedge funds own 27.88% of the company’s stock.

Arhaus Company Profile

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.