Arhaus (NASDAQ:ARHS) Trading 7.5% Higher – Still a Buy?

Arhaus, Inc. (NASDAQ:ARHS)’s stock price rose 7.5% on Monday . The stock traded as high as $9.94 and last traded at $9.88. Approximately 585,348 shares changed hands during trading, a decline of 35% from the average daily volume of 902,067 shares. The stock had previously closed at $9.19.

Analysts Set New Price Targets

ARHS has been the subject of several recent research reports. Wedbush reduced their price target on Arhaus from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Barclays lowered their price target on shares of Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.90.

Arhaus Stock Up 6.1 %

The company has a market capitalization of $1.37 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm’s fifty day moving average is $9.71 and its 200-day moving average is $11.94.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities research analysts predict that Arhaus, Inc. will post 0.42 EPS for the current year.

Institutional Trading of Arhaus

Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. Amalgamated Bank acquired a new stake in Arhaus during the 2nd quarter worth approximately $30,000. Quantbot Technologies LP acquired a new position in shares of Arhaus during the third quarter worth $43,000. Quest Partners LLC grew its stake in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Arhaus in the third quarter valued at $131,000. Finally, Ground Swell Capital LLC bought a new stake in shares of Arhaus in the 2nd quarter valued at about $183,000. 27.88% of the stock is currently owned by institutional investors.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.