Arhaus (NASDAQ:ARHS) PT Raised to $13.00

Arhaus (NASDAQ:ARHS – Get Rating) had its target price raised by Robert W. Baird from $12.00 to $13.00 in a research report released on Tuesday, The Fly reports.

A number of other research firms also recently commented on ARHS. Morgan Stanley boosted their target price on Arhaus from $9.00 to $11.00 and gave the stock an equal weight rating in a research report on Friday, November 11th. Barclays decreased their target price on Arhaus to $13.00 in a research report on Wednesday, November 16th. Finally, William Blair restated an outperform rating on shares of Arhaus in a research report on Friday, October 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $12.17.

Arhaus Stock Up 2.7 %

ARHS opened at $11.95 on Tuesday. The business’s fifty day moving average is $9.45 and its two-hundred day moving average is $7.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.45 and a current ratio of 1.14. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.84 and a beta of 2.40. Arhaus has a one year low of $4.23 and a one year high of $12.23.

Arhaus (NASDAQ:ARHS – Get Rating) last posted its earnings results on Thursday, November 10th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $320.03 million for the quarter, compared to the consensus estimate of $293.10 million. Arhaus had a return on equity of 101.46% and a net margin of 8.82%. Analysts anticipate that Arhaus will post 0.84 EPS for the current fiscal year.

Institutional Trading of Arhaus

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Arhaus by 10.1% in the third quarter. Vanguard Group Inc. now owns 1,844,836 shares of the company’s stock valued at $13,006,000 after acquiring an additional 168,662 shares in the last quarter. Marshall Wace LLP increased its stake in Arhaus by 508.2% in the third quarter. Marshall Wace LLP now owns 980,789 shares of the company’s stock valued at $6,917,000 after purchasing an additional 819,528 shares during the last quarter. Millennium Management LLC increased its stake in Arhaus by 985.9% in the second quarter. Millennium Management LLC now owns 622,610 shares of the company’s stock valued at $2,802,000 after purchasing an additional 565,276 shares during the last quarter. Red Door Wealth Management LLC acquired a new position in Arhaus in the second quarter valued at $1,907,000. Finally, Renaissance Technologies LLC increased its stake in Arhaus by 6.7% in the second quarter. Renaissance Technologies LLC now owns 238,700 shares of the company’s stock valued at $1,074,000 after purchasing an additional 14,900 shares during the last quarter. 30.55% of the stock is currently owned by hedge funds and other institutional investors.

Arhaus Company Profile

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Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market. 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 and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.