Brokerages Set Arhaus, Inc. (NASDAQ:ARHS) Target Price at $15.25

Arhaus, Inc. (NASDAQ:ARHS) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $15.25.

A number of brokerages have recently weighed in on ARHS. Telsey Advisory Group lifted their price objective on Arhaus from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Bank of America lifted their price target on shares of Arhaus from $14.50 to $17.00 and gave the company a “buy” rating in a report on Wednesday, March 20th.

Arhaus Trading Down 4.4 %

NASDAQ:ARHS opened at $14.06 on Monday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.46 and a beta of 2.42. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $14.45 and a 200 day moving average of $11.71. Arhaus has a 52 week low of $6.75 and a 52 week high of $16.60.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $336.73 million. Arhaus had a net margin of 9.73% and a return on equity of 42.60%. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, research analysts predict that Arhaus will post 0.75 earnings per share for the current year.

Arhaus Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently bought and sold shares of ARHS. Barclays PLC boosted its position in shares of Arhaus by 428,800.0% in the 2nd quarter. Barclays PLC now owns 4,289 shares of the company’s stock worth $45,000 after purchasing an additional 4,288 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Arhaus during the third quarter valued at $53,000. National Bank of Canada FI raised its stake in Arhaus by 647.1% during the fourth quarter. National Bank of Canada FI now owns 6,350 shares of the company’s stock valued at $74,000 after buying an additional 5,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Arhaus by 68.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,979 shares of the company’s stock worth $106,000 after acquiring an additional 3,635 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Arhaus in the third quarter worth $118,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

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.