Arhaus (NASDAQ:ARHS) Price Target Raised to $10.00

Arhaus (NASDAQ:ARHS) had its price objective lifted by stock analysts at Jefferies Financial Group from $9.50 to $10.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 8.76% from the stock’s current price.

A number of other equities research analysts have also recently commented on ARHS. Stifel Nicolaus dropped their target price on Arhaus from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Craig Hallum cut Arhaus from a “buy” rating to a “hold” rating and dropped their target price for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Friday. Finally, Barclays lowered their price objective on Arhaus from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.60.

Arhaus Stock Performance

ARHS stock traded up $1.50 during midday trading on Friday, reaching $10.96. The stock had a trading volume of 2,089,712 shares, compared to its average volume of 1,377,974. The stock has a market cap of $1.54 billion, a PE ratio of 19.57, a P/E/G ratio of 14.78 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $11.74. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81.

Arhaus (NASDAQ:ARHS) last released 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 6.18% and a return on equity of 24.92%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, equities research analysts anticipate that Arhaus will post 0.42 EPS for the current year.

Institutional Trading of Arhaus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carnegie Investment Counsel raised its position in Arhaus by 176.8% in the third quarter. Carnegie Investment Counsel now owns 294,740 shares of the company’s stock valued at $3,628,000 after purchasing an additional 188,240 shares during the period. Geode Capital Management LLC raised its position in Arhaus by 12.5% in the third quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company’s stock valued at $14,874,000 after purchasing an additional 134,312 shares during the period. LMR Partners LLP purchased a new stake in Arhaus in the third quarter valued at approximately $4,308,000. Sei Investments Co. raised its position in Arhaus by 25.6% in the second quarter. Sei Investments Co. now owns 481,331 shares of the company’s stock valued at $8,154,000 after purchasing an additional 98,240 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Arhaus in the third quarter worth $814,000. 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.