TD Cowen analyst Max Rakhlenko maintained a Buy rating on Arhaus (ARHS – Research Report) today and set a price target of $19.00. The company’s shares closed last Friday at $16.35.
Rakhlenko covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, AutoZone, and Home Depot. According to TipRanks, Rakhlenko has an average return of 7.5% and a 54.02% success rate on recommended stocks.
Currently, the analyst consensus on Arhaus is a Strong Buy with an average price target of $17.75, representing an 8.56% upside. In a report released on May 14, Barclays also maintained a Buy rating on the stock with a $17.00 price target.
ARHS market cap is currently $2.29B and has a P/E ratio of 21.58.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARHS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Arhaus (ARHS) Company Description:
Arhaus Inc is a lifestyle brand and omni-channel retailer of home furnishings. The company offers direct-to-consumer approach to furniture and decor, through which it sell artisan-quality products.
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