Arhaus (NASDAQ:ARHS) Shares Gap Up After Earnings Beat

Arhaus, Inc. (NASDAQ:ARHS)’s stock price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $8.23, but opened at $9.75. Arhaus shares last traded at $9.0910, with a volume of 242,505 shares trading hands.

The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.12. Arhaus had a net margin of 4.67% and a return on equity of 16.39%. The business had revenue of $384.90 million during the quarter, compared to analysts’ expectations of $365.66 million. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on Arhaus from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. TD Cowen decreased their price target on shares of Arhaus from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Guggenheim lowered their price target on shares of Arhaus from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Robert W. Baird set a $8.00 price objective on shares of Arhaus in a report on Friday, May 8th. Finally, Telsey Advisory Group set a $8.00 target price on shares of Arhaus and gave the company a “market perform” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.58.

Institutional Trading of Arhaus

Large investors have recently bought and sold shares of the stock. Hardin Capital Partners LLC bought a new position in shares of Arhaus during the second quarter valued at $672,000. 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 valued at $15,847,000 after purchasing an additional 49,036 shares during the last quarter. Quantinno Capital Management LP boosted its position in Arhaus by 151.7% in the first quarter. Quantinno Capital Management LP now owns 57,595 shares of the company’s stock valued at $390,000 after buying an additional 34,714 shares in the last quarter. Punch & Associates Investment Management Inc. grew 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. Finally, Entropy Technologies LP increased its holdings in shares of Arhaus by 7.0% during the first quarter. Entropy Technologies LP now owns 31,451 shares of the company’s stock worth $213,000 after buying an additional 2,049 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors.

Arhaus Stock Up 10.8%

The company has a market cap of $1.29 billion, a P/E ratio of 19.37, a PEG ratio of 3.33 and a beta of 2.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 0.46. The business’s 50 day moving average price is $7.52 and its 200-day moving average price is $7.78.

About Arhaus

Arhaus (NASDAQ:ARHS) is a U.S.-based retailer specializing in high-end home furnishings and décor. Since its founding in 1986 in northeastern Ohio, the company has built a reputation for curating unique, design-forward products that blend contemporary aesthetics with artisanal craftsmanship. Headquartered in Boston Heights, Ohio, Arhaus operates a network of brick-and-mortar galleries across the United States alongside a robust e-commerce platform, serving customers from coastal metropolitan areas to interior regions.

The company’s product portfolio encompasses a wide range of furniture categories—including sofas, dining tables, bedroom pieces and storage solutions—complemented by lighting fixtures, rugs, pillows, wall art and decorative accessories.