Arhaus (NASDAQ:ARHS) Price Target Lowered to $15.00 at Bank of America

Arhaus (NASDAQ:ARHS) had its price objective decreased by Bank of America from $18.00 to $15.00 in a research report report published on Friday morning, Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other research firms have also issued reports on ARHS. Craig Hallum dropped their target price on Arhaus from $21.00 to $14.00 and set a buy rating on the stock in a report on Friday, August 9th. Stifel Nicolaus dropped their price objective on shares of Arhaus from $19.50 to $16.00 and set a buy rating on the stock in a research note on Monday, August 12th. Jefferies Financial Group restated a hold rating and issued a $12.00 target price on shares of Arhaus in a research note on Wednesday. Wedbush assumed coverage on shares of Arhaus in a research note on Friday. They set a neutral rating and a $11.00 price target on the stock. Finally, Robert W. Baird reduced their price objective on shares of Arhaus from $18.00 to $14.00 and set an outperform rating for the company in a research report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $14.09.

Arhaus Stock Up 1.4 %

ARHS stock opened at $10.52 on Friday. Arhaus has a 12 month low of $7.56 and a 12 month high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 12.08 and a beta of 2.51. The company has a fifty day moving average price of $11.97 and a 200 day moving average price of $14.62.

Arhaus (NASDAQ:ARHS) last announced its earnings results on Thursday, August 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. The business had revenue of $309.80 million during the quarter, compared to analysts’ expectations of $314.28 million. During the same period in the prior year, the company earned $0.29 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that Arhaus will post 0.48 earnings per share for the current year.

Insider Activity at Arhaus

In other news, insider Venkatachalam Nachiappan sold 6,460 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $16.11, for a total transaction of $104,070.60. Following the completion of the sale, the insider now owns 36,736 shares in the company, valued at approximately $591,816.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Arhaus

Several hedge funds and other institutional investors have recently made changes to their positions in ARHS. Amalgamated Bank acquired a new position in Arhaus during the 2nd quarter worth approximately $30,000. Quest Partners LLC raised its stake in shares of Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock valued at $121,000 after purchasing an additional 7,168 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Arhaus during the second quarter worth $183,000. Ballentine Partners LLC purchased a new position in shares of Arhaus in the first quarter valued at $204,000. Finally, Aspiriant LLC purchased a new position in shares of Arhaus in the first quarter valued at $204,000. Institutional investors and hedge funds 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.