Arhaus (NASDAQ:ARHS) Now Covered by Wedbush

Wedbush initiated coverage on shares of Arhaus (NASDAQ:ARHS) in a research note published on Friday morning, MarketBeat.com reports. The firm issued a neutral rating and a $11.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum dropped their price target on shares of Arhaus from $21.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. TD Cowen dropped their price target on shares of Arhaus from $19.00 to $14.00 and set a buy rating for the company in a research report on Friday, August 9th. Telsey Advisory Group reiterated an outperform rating and issued a $15.00 price target on shares of Arhaus in a research report on Monday, August 12th. Stifel Nicolaus decreased their price objective on shares of Arhaus from $19.50 to $16.00 and set a buy rating on the stock in a research note on Monday, August 12th. Finally, Robert W. Baird decreased their price objective on shares of Arhaus from $18.00 to $14.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $14.09.

Arhaus Trading Down 1.7 %

Shares of ARHS stock opened at $10.34 on Friday. The firm has a 50 day moving average price of $11.97 and a two-hundred day moving average price of $14.62. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.45 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. Arhaus has a 12-month low of $7.56 and a 12-month high of $19.81.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $314.28 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that Arhaus will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now owns 36,736 shares of the company’s stock, valued at approximately $591,816.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

Institutional Trading of Arhaus

A number of hedge funds and other institutional investors have recently modified their holdings of ARHS. Amalgamated Bank bought a new stake in shares of Arhaus in the second quarter worth $30,000. Quest Partners LLC grew its stake in shares of Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Arhaus in the second quarter worth $183,000. Ballentine Partners LLC bought a new stake in shares of Arhaus in the first quarter worth $204,000. Finally, Aspiriant LLC bought a new stake in shares of Arhaus in the first quarter worth $204,000. Institutional investors own 27.88% of the company’s stock.

About Arhaus

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.