Arhaus (NASDAQ:ARHS) Stock Price Target Raised at TD Cowen

Arhaus (NASDAQ:ARHS) had its price target increased by TD Cowen from $11.00 to $16.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s price objective indicates a potential upside of 9.33% from the company’s current price.

Several other equities research analysts have also recently commented on ARHS. Morgan Stanley boosted their price target on Arhaus from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Piper Sandler raised shares of Arhaus from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $9.00 to $13.00 in a research report on Tuesday, October 20th. Craig Hallum upgraded shares of Arhaus from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, August 6th. Jefferies Financial Group upgraded shares of Arhaus from a “hold” rating to a “buy” rating and lifted their target price for the company from $9.50 to $10.00 in a research note on Monday, September 21st. Finally, Wall Street Zen raised shares of 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 issued a Hold rating to the stock. Based on data from MarketBeat, Arhaus has an average rating of “Moderate Buy” and an average price target of $12.00.

Arhaus Stock Up 3.1%

NASDAQ ARHS traded up $0.44 on Monday, reaching $14.63. The stock had a trading volume of 552,141 shares, compared to its average volume of 1,427,036. The business has a 50 day moving average price of $9.90 and a 200 day moving average price of $8.41. The company has a current ratio of 1.30, a quick ratio of 0.64 and a debt-to-equity ratio of 0.12. Arhaus has a 1 year low of $5.57 and a 1 year high of $14.85. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 4.06 and a beta of 2.24.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Arhaus had a return on equity of 15.89% and a net margin of 4.52%. The firm had revenue of $368.12 million during the quarter, compared to analyst estimates of $370.56 million. During the same period in the previous year, the company earned $0.09 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts forecast that Arhaus will post 0.54 EPS for the current fiscal year.

Insider Activity at Arhaus

In related news, Director Alton F. Doody III sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $8.47, for a total value of $29,645.00. Following the completion of the sale, the director directly owned 87,113 shares in the company, valued at approximately $737,847.11. The trade was a 3.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2018 Reed Dynasty Trust sold 77,695 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $13.03, for a total value of $1,012,365.85. Following the sale, the insider directly owned 64,927 shares of the company’s stock, valued at $845,998.81. The trade was a 54.48% 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. In the last ninety days, insiders have sold 278,896 shares of company stock valued at $3,508,782. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of Arhaus

A number of institutional investors and hedge funds have recently modified their holdings of ARHS. Russell Investments Group Ltd. boosted its holdings in shares of Arhaus by 42.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 86,529 shares of the company’s stock worth $819,000 after buying an additional 25,625 shares during the period. King Luther Capital Management Corp raised its holdings in Arhaus by 0.3% in the 3rd quarter. King Luther Capital Management Corp now owns 314,539 shares of the company’s stock worth $2,979,000 after acquiring an additional 929 shares during the period. GAMMA Investing LLC raised its holdings in Arhaus by 85.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,611 shares of the company’s stock worth $25,000 after acquiring an additional 1,200 shares during the period. Engineers Gate Manager LP lifted its position in Arhaus by 54.4% during the 2nd quarter. Engineers Gate Manager LP now owns 213,976 shares of the company’s stock worth $1,802,000 after acquiring an additional 75,371 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Arhaus during the 2nd quarter worth $96,000. 27.88% of the stock is currently owned by institutional investors and hedge funds.

About Arhaus

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.