Fintel reports that on August 10, 2023, Baird maintained coverage of Arhaus Inc (NASDAQ:ARHS) with a Outperform recommendation.
Analyst Price Forecast Suggests 1.32% Downside
As of August 2, 2023, the average one-year price target for Arhaus Inc is 12.14. The forecasts range from a low of 9.09 to a high of $15.75. The average price target represents a decrease of 1.32% from its latest reported closing price of 12.30.
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The projected annual revenue for Arhaus Inc is 1,362MM, an increase of 5.27%. The projected annual non-GAAP EPS is 0.85.
What is the Fund Sentiment?
There are 169 funds or institutions reporting positions in Arhaus Inc. This is an increase of 27 owner(s) or 19.01% in the last quarter. Average portfolio weight of all funds dedicated to ARHS is 0.08%, a decrease of 62.12%. Total shares owned by institutions increased in the last three months by 5.10% to 50,457K shares. 
The put/call ratio of ARHS is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
FS Capital Partners VI holds 30,524K shares representing 21.80% ownership of the company. No change in the last quarter.
Millennium Management holds 1,638K shares representing 1.17% ownership of the company. In it's prior filing, the firm reported owning 655K shares, representing an increase of 60.00%. The firm increased its portfolio allocation in ARHS by 120.29% over the last quarter.
Summit Creek Advisors holds 1,240K shares representing 0.89% ownership of the company. In it's prior filing, the firm reported owning 1,238K shares, representing an increase of 0.10%. The firm increased its portfolio allocation in ARHS by 20.96% over the last quarter.
Bank Of America holds 886K shares representing 0.63% ownership of the company. In it's prior filing, the firm reported owning 587K shares, representing an increase of 33.71%. The firm increased its portfolio allocation in ARHS by 15.66% over the last quarter.
D. E. Shaw holds 860K shares representing 0.61% ownership of the company. In it's prior filing, the firm reported owning 467K shares, representing an increase of 45.73%. The firm increased its portfolio allocation in ARHS by 19.50% over the last quarter.
Arhaus Background Information
(This description is provided by the company.)
Arhaus, Inc. provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor furniture product that includes bedroom, dining room, living room, home office furnishings, textile products consist of handcrafted indoor and outdoor rugs, bed linens, and pillows and throws décor products include wall art, mirrors, vases, candles, and other decorative accessories and outdoor products comprise outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits. The company distributes its products through an omni-channel model comprising showrooms, e-commerce platform, catalog, and in-home designer services. The company was founded in 1986 and is headquartered in Boston Heights, Ohio.
Additional reading:
- ARHAUS ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS Net Revenue Up with Strong Net Income and Adjusted EBITDA Robust Demand Comparable Growth in the Second Quarter
- ARHAUS ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS Net Revenue Up 23.7% with Comparable Growth of 21.0% Reaffirming Full Year 2023 Outlook
- $176 $200 $330 $525 43% 2019 2020 2021 2022 $50 $69 $123 $223 2019 2020 2021 2022 $495 $507 $797 2019 2020 2021 2022 11% 18% 18% 17% 2019 2020 2021 2022 4% 25% 45% 14% 2019 2020 2021 2022 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • TRAD
- ARHAUS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS Fourth Quarter Net Revenue Up 49.6% with Comparable Growth of 47.0% Full Year Net Revenue Up 54.2% with Comparable Growth of 51.6%
- SUBSIDIARIES OF REGISTRANT
This story originally appeared on Fintel.
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