Arhaus (ARHS) Receives a Buy from Telsey Advisory

In a report released today, Dana Telsey from Telsey Advisory maintained a Buy rating on Arhaus (ARHSResearch Report), with a price target of $9.00. The company’s shares closed last Friday at $6.01.

Telsey covers the Consumer Goods sector, focusing on stocks such as Allbirds, Gap, and Kohl’s. According to TipRanks, Telsey has an average return of -3.9% and a 38.73% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arhaus with a $9.80 average price target.

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ARHS market cap is currently $838.2M and has a P/E ratio of 18.28.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 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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