Arhaus (NASDAQ:ARHS) Given New $13.00 Price Target at Barclays

Arhaus (NASDAQ:ARHS) had its price objective trimmed by Barclays from $15.00 to $13.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Bank of America lowered shares of Arhaus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $11.00 in a report on Thursday. Telsey Advisory Group lowered shares of Arhaus from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $12.00 to $11.00 in a report on Friday. TD Cowen dropped their price objective on shares of Arhaus from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wedbush dropped their price objective on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Craig Hallum lowered shares of Arhaus from a “buy” rating to a “hold” rating and lowered their price target for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.80.

Arhaus Stock Down 0.2 %

Shares of ARHS stock traded down $0.02 during trading hours on Friday, reaching $9.68. 1,630,588 shares of the company’s stock were exchanged, compared to its average volume of 1,294,059. The stock’s 50 day moving average is $10.65 and its 200-day moving average is $13.78. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 9.98 and a beta of 2.58. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.17. Arhaus has a fifty-two week low of $8.04 and a fifty-two week high of $19.81.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million for the quarter, compared to analysts’ expectations of $328.94 million. Arhaus had a net margin of 6.92% and a return on equity of 28.45%. Arhaus’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Analysts predict that Arhaus will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Arhaus by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 25,893 shares of the company’s stock worth $319,000 after acquiring an additional 1,416 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Arhaus during the 2nd quarter worth about $30,000. California State Teachers Retirement System boosted its stake in shares of Arhaus by 16.9% during the 1st quarter. California State Teachers Retirement System now owns 35,858 shares of the company’s stock worth $552,000 after acquiring an additional 5,178 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Arhaus by 5.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 113,991 shares of the company’s stock worth $1,403,000 after acquiring an additional 5,577 shares in the last quarter. Finally, Privium Fund Management B.V. boosted its stake in shares of Arhaus by 34.7% during the 3rd quarter. Privium Fund Management B.V. now owns 21,750 shares of the company’s stock worth $268,000 after acquiring an additional 5,600 shares in the last quarter. 27.88% of the stock is owned by hedge funds and other institutional investors.

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.