Arhaus (NASDAQ:ARHS) Stock Price Up 6.7% – Here’s Why

Shares of Arhaus, Inc. (NASDAQ:ARHS) shot up 6.7% during trading on Tuesday . The company traded as high as $10.54 and last traded at $10.45. 570,538 shares changed hands during trading, a decline of 56% from the average session volume of 1,291,052 shares. The stock had previously closed at $9.79.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARHS shares. Telsey Advisory Group lowered shares of Arhaus from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $12.00 to $11.00 in a report on Friday. Wedbush decreased their price objective on Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday. Bank of America lowered Arhaus from a “buy” rating to a “neutral” rating and decreased their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on Arhaus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, TD Cowen lowered their price objective on Arhaus from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.80.

Arhaus Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $10.60 and a two-hundred day simple moving average of $13.74. The stock has a market cap of $1.38 billion, a PE ratio of 18.66, a P/E/G ratio of 11.70 and a beta of 2.58.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a return on equity of 25.10% and a net margin of 6.18%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Research analysts forecast that Arhaus, Inc. will post 0.42 earnings per share for the current year.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC lifted its position in shares of Arhaus by 21.2% during the third quarter. Algert Global LLC now owns 103,261 shares of the company’s stock worth $1,271,000 after purchasing an additional 18,040 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Arhaus by 19.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 426,575 shares of the company’s stock valued at $5,251,000 after buying an additional 69,853 shares during the period. Intech Investment Management LLC bought a new position in Arhaus in the 3rd quarter worth $131,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Arhaus in the 3rd quarter worth $1,317,000. Finally, LMR Partners LLP acquired a new stake in shares of Arhaus during the 3rd quarter valued at about $4,308,000. 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.