Arhaus (NASDAQ:ARHS) Stock Price Target Raised at Telsey Advisory Group

Arhaus (NASDAQ:ARHS) had its price objective upped by Telsey Advisory Group from $12.00 to $14.00 in a research report report published on Friday,Benzinga reports. Telsey Advisory Group currently has a market perform rating on the stock.

A number of other research firms have also recently commented on ARHS. Zacks Research upgraded Arhaus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Morgan Stanley boosted their price target on Arhaus from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Robert W. Baird set a $10.00 price objective on Arhaus in a research note on Friday, August 7th. Weiss Ratings raised Arhaus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen raised Arhaus from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.11.

Arhaus Price Performance

Shares of ARHS opened at $14.19 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.64 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $9.90 and its 200 day simple moving average is $8.41. Arhaus has a 1-year low of $5.57 and a 1-year high of $14.27. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 4.06 and a beta of 2.24.

Arhaus (NASDAQ:ARHS) last announced 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 firm had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. Arhaus had a net margin of 4.52% and a return on equity of 15.89%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, research analysts forecast that Arhaus will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alton F. Doody III sold 3,500 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total value of $29,645.00. Following the transaction, the director directly owned 87,113 shares of the company’s stock, valued at $737,847.11. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Reed sold 89,510 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total transaction of $1,166,315.30. Following the sale, the chief executive officer owned 115,799 shares of the company’s stock, valued at approximately $1,508,860.97. This represents a 43.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 278,896 shares of company stock valued at $3,508,782 over the last ninety days. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARHS. Bank of America Corp DE lifted its position in Arhaus by 2.1% during the first quarter. Bank of America Corp DE now owns 2,337,340 shares of the company’s stock worth $15,847,000 after acquiring an additional 49,036 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 acquiring an additional 185,208 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 22,580 shares during the period. Arrowstreet Capital Limited Partnership grew its position 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 purchasing an additional 223,692 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position 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 purchasing an additional 929 shares during the last quarter. 27.88% of the stock is owned by 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.