Arhaus Inc. (NASDAQ:ARHS) shares traded -0.98% lower at $10.07 on Wall Street last session.
In accordance with the data, 10 analysts cover Arhaus Inc. (NASDAQ:ARHS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $14.00, we find $15.00. Given the previous closing price of $10.17, this indicates a potential upside of 47.49 percent. ARHS stock price is now -4.22% away from the 50-day moving average and -0.37% away from the 200-day moving average. The market capitalization of the company currently stands at $1.48B.
It has been rated a hold by 0 analysts and a buy by 8. Brokers who have rated the stock have averaged $15.47 as their price target over the next twelve months.
With the price target of $15, Craig Hallum recently initiated with Buy rating for Arhaus Inc. (NASDAQ: ARHS).
In other news, Sparks Dawn, Chief Logistics Officer sold 79,637 shares of the company’s stock on Aug 04. The stock was sold for $957,062 at an average price of $12.02. Upon completion of the transaction, the Chief Logistics Officer now directly owns 230,819 shares in the company, valued at $2.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, Chief Logistics Officer Sparks Dawn sold 70,363 shares of the business’s stock. A total of $844,455 was realized by selling the stock at an average price of $12.00. This leaves the insider owning 310,456 shares of the company worth $3.13 million. Insiders disposed of 110,000 shares of company stock worth roughly $1.11 million over the past 1 year. A total of 0.20% 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $10,322,000. VOSS CAPITAL, LLC invested $4,054,000 in shares of ARHS during the first quarter. In the first quarter, ANOMALY CAPITAL MANAGEMENT, LP acquired a new stake in Arhaus Inc. valued at approximately $3,566,000. LONG FOCUS CAPITAL MANAGEMENT, LLC acquired a new stake in ARHS for approximately $2,580,000. MEROS INVESTMENT MANAGEMENT, LP purchased a new stake in ARHS valued at around $2,519,000 in the second quarter.
Arhaus Inc. (NASDAQ: ARHS) opened at $10.40 on Thursday. During the past 12 months, Arhaus Inc. has had a low of $6.75 and a high of $15.27. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.50, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $1.70B, which is based on a 8.90 price-to-earnings ratio, a 12.72 price-to-earnings-growth ratio, and a beta of 2.56. The fifty day moving average price for ARHS is $10.56 and a two-hundred day moving average price translates $10.12 for the stock.
The latest earnings results from Arhaus Inc. (NASDAQ: ARHS) was released for Jun, 2023. According to the Home Improvement Retail Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.26 by 0.03. This compares to $0.26 EPS in the same period last year. The net profit margin was 12.20% and return on equity was 70.10% for ARHS. The company reported revenue of $312.9 million for the quarter, compared to $306.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.17 percent. For the current quarter, analysts expect ARHS to generate $316.8M 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, modular storage, etc.; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits. In addition, it offers lighting products, including various distinct and artistic lighting fixtures comprising chandeliers, pendants, table and floor lamps, and sconces; textile products, such as 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, print and digital media, and in-home designer services. Arhaus, Inc. was founded in 1986 and is headquartered in Boston Heights, Ohio.
