Arhaus (NASDAQ:ARHS) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Arhaus (NASDAQ:ARHS) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

ARHS has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Arhaus from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Baird R W cut Arhaus from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Jefferies Financial Group boosted their price target on Arhaus from $9.50 to $10.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Loop Capital started coverage on shares of Arhaus in a research note on Friday, January 24th. They issued a “hold” rating and a $12.00 target price for the company. Finally, Stifel Nicolaus dropped their price target on shares of Arhaus from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Arhaus presently has an average rating of “Hold” and a consensus target price of $10.62.

Arhaus Stock Up 0.4 %

ARHS stock opened at $7.96 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a market capitalization of $1.12 billion, a P/E ratio of 14.21, a P/E/G ratio of 11.57 and a beta of 2.65. Arhaus has a fifty-two week low of $6.61 and a fifty-two week high of $19.81. The business has a 50-day moving average of $8.42 and a 200-day moving average of $9.77.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Arhaus had a return on equity of 24.92% and a net margin of 6.18%. The firm had revenue of $311.37 million for the quarter, compared to analyst estimates of $314.76 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Arhaus will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arhaus

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Arhaus by 1,532.9% during the fourth quarter. Bank of America Corp DE now owns 2,497,915 shares of the company’s stock valued at $23,480,000 after acquiring an additional 2,672,239 shares during the last quarter. Barclays PLC lifted its position in Arhaus by 108.6% in the 4th quarter. Barclays PLC now owns 110,447 shares of the company’s stock valued at $1,038,000 after acquiring an additional 1,391,342 shares in the last quarter. Long Focus Capital Management LLC bought a new stake in Arhaus during the 4th quarter worth approximately $10,575,000. CenterBook Partners LP raised its stake in shares of Arhaus by 145.8% in the first quarter. CenterBook Partners LP now owns 1,891,457 shares of the company’s stock worth $16,456,000 after purchasing an additional 1,122,004 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Arhaus by 808.3% in the fourth quarter. Jane Street Group LLC now owns 899,693 shares of the company’s stock valued at $8,457,000 after purchasing an additional 1,026,710 shares in the last quarter. 27.88% of the stock is currently owned by institutional investors and hedge funds.

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.