Arhaus (NASDAQ:ARHS) Downgraded to Hold at Craig Hallum

Craig Hallum lowered shares of Arhaus (NASDAQ:ARHS) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have $10.00 target price on the stock, down from their prior target price of $14.00.

Other equities analysts have also issued reports about the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Arhaus in a report on Monday, August 12th. Robert W. Baird reduced their target price on Arhaus from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Stifel Nicolaus reduced their target price on Arhaus from $19.50 to $16.00 and set a “buy” rating for the company in a report on Monday, August 12th. Wedbush began coverage on Arhaus in a report on Friday, October 11th. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Bank of America reduced their target price on Arhaus from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Arhaus has a consensus rating of “Moderate Buy” and an average target price of $13.73.

Arhaus Stock Performance

Shares of ARHS opened at $9.56 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.55 and a current ratio of 1.25. The stock has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $14.51. The firm has a market capitalization of $1.34 billion, a P/E ratio of 12.58, a P/E/G ratio of 12.08 and a beta of 2.51. Arhaus has a 52 week low of $7.56 and a 52 week high of $19.81.

Arhaus (NASDAQ:ARHS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $309.80 million during the quarter, compared to analyst estimates of $314.28 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Equities analysts forecast that Arhaus will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Arhaus

In other Arhaus news, insider Venkatachalam Nachiappan sold 6,460 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the sale, the insider now owns 36,736 shares in the company, valued at $591,816.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arhaus

Several institutional investors have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its position in shares of Arhaus by 147.1% during the first quarter. Wasatch Advisors LP now owns 8,792,207 shares of the company’s stock worth $135,312,000 after acquiring an additional 5,233,776 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Arhaus by 11.8% in the first quarter. Vanguard Group Inc. now owns 4,387,126 shares of the company’s stock worth $67,518,000 after buying an additional 463,749 shares in the last quarter. American Century Companies Inc. raised its position in shares of Arhaus by 120.6% in the second quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock worth $68,785,000 after buying an additional 2,219,554 shares in the last quarter. Hood River Capital Management LLC raised its position in shares of Arhaus by 0.6% in the first quarter. Hood River Capital Management LLC now owns 1,547,296 shares of the company’s stock worth $23,813,000 after buying an additional 8,824 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its position in shares of Arhaus by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 1,261,837 shares of the company’s stock worth $19,420,000 after buying an additional 8,461 shares in the last quarter. Hedge funds and other institutional investors own 27.88% of the company’s stock.

About Arhaus

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.