Arhaus (NASDAQ:ARHS) Upgraded at Zacks Research

Zacks Research upgraded shares of Arhaus (NASDAQ:ARHS) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

A number of other equities research analysts have also recently weighed in on ARHS. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.50 to $10.00 in a research report on Monday, September 21st. Robert W. Baird set a $10.00 price objective on shares of Arhaus in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Arhaus from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Piper Sandler boosted 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. Finally, Craig Hallum upgraded Arhaus from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.22.

Arhaus Stock Performance

Shares of Arhaus stock opened at $9.75 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 3.11 and a beta of 2.29. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.13. Arhaus has a 52 week low of $5.57 and a 52 week high of $12.08. The business’s fifty day simple moving average is $8.99 and its 200-day simple moving average is $7.78.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.12. The firm had revenue of $384.90 million during the quarter, compared to the consensus estimate of $365.66 million. Arhaus had a return on equity of 17.23% and a net margin of 4.91%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS. Equities analysts forecast that Arhaus will post 0.54 earnings per share for the current year.

Insider Activity at Arhaus

In related news, Director Alton F. Doody III sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $8.47, for a total transaction of $29,645.00. Following the sale, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Arhaus

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Arhaus by 2.1% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew its position 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 last quarter. Punch & Associates Investment Management Inc. increased its stake in Arhaus by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,115,665 shares of the company’s stock valued at $7,564,000 after purchasing an additional 22,580 shares during the period. Meros Investment Management LP increased its position in Arhaus by 71.1% in the 4th quarter. Meros Investment Management LP now owns 821,734 shares of the company’s stock valued at $9,212,000 after acquiring an additional 341,577 shares during the period. Finally, Granite Investment Partners LLC increased its holdings in shares of Arhaus by 14.0% in the first quarter. Granite Investment Partners LLC now owns 460,322 shares of the company’s stock valued at $3,121,000 after purchasing an additional 56,628 shares during the period. Institutional investors and hedge funds own 27.88% of the company’s stock.

About Arhaus

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.