Stocks of Arhaus Inc. (NASDAQ:ARHS) traded higher last session on Wall Street, down -2.08% to $8.93.
According to the data, Arhaus Inc. (NASDAQ:ARHS) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $9.00, we find $12.00. Given the previous closing price of $9.12, this indicates a potential upside of 31.58 percent. ARHS stock price is now 10.48% away from the 50-day moving average and 24.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26B.
A total of 1 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $11.50 as their price target over the next twelve months.
With the price target of $18, Barclays recently initiated with Overweight rating for Arhaus Inc. (NASDAQ: ARHS)., while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’.
In other news, Doody Alton F III, Director bought 11,750 shares of the company’s stock on Sep 13. The stock was bought for $99,875 at an average price of $8.50. Upon completion of the transaction, the Director now directly owns 23,500 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 02, Chief Merchandising Officer Chi Lisa bought 4,500 shares of the business’s stock. A total of $37,598 was incurred on buying the stock at an average price of $8.36. This leaves the insider owning 55,540 shares of the company worth $0.5 million. Insiders disposed of 627,545 shares of company stock worth roughly $5.6 million over the past 1 year. A total of 3.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARHS stock. A new stake in Arhaus Inc. shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $1,705,000. SJS INVESTMENT CONSULTING INC. invested $1,429,000 in shares of ARHS during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Arhaus Inc. valued at approximately $1,360,000. COMMONWEALTH EQUITY SERVICES, LLC acquired a new stake in ARHS for approximately $1,236,000. RUSSELL INVESTMENTS GROUP, LTD. purchased a new stake in ARHS valued at around $1,102,000 in the second quarter. In total, there are 78 active investors with 79.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $9.90 for Arhaus Inc. (NASDAQ: ARHS). During the past 12 months, Arhaus Inc. has had a low of $4.23 and a high of $14.95. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.10, and a quick ratio of 0.40. The fifty day moving average price for ARHS is $8.08 and a two-hundred day moving average price translates $7.15 for the stock.
The latest earnings results from Arhaus Inc. (NASDAQ: ARHS) was released for Jun, 2022. According to the Home Improvement Retail Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.12 by 0.16. This compares to $0.06 EPS in the same period last year. The net profit margin was 5.80% and return on equity was 88.50% for ARHS. The company reported revenue of $306.26 million for the quarter, compared to $184.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.41 percent. For the current quarter, analysts expect ARHS to generate $293.41M in revenue.
Arhaus Inc.(ARHS) Company Profile
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. It also offers lighting products, such as various distinct and artistic lighting fixtures, including chandeliers, pendants, table and floor lamps, and sconces; textile products comprising handcrafted indoor and outdoor rugs, bed linens, and pillows and throws; and décor products, including various wall art to mirrors, vases to candles, and other decorative accessories. The company distributes its products through an omni-channel model comprising showrooms, e-commerce platform, catalog, and in-home designer services. As of December 31, 2021, it operated through a network of 71 traditional showrooms, 5 Design Studios, and 3 Outlets, as well as 58 showrooms with in-home interior designers. The company was founded in 1986 and is headquartered in Boston Heights, Ohio.