Arhaus (NASDAQ:ARHS) Price Target Raised to $14.00 at Stifel Nicolaus

Arhaus (NASDAQ:ARHS) had its price target raised by Stifel Nicolaus from $13.00 to $14.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on ARHS. Telsey Advisory Group reaffirmed an “outperform” rating and set a $11.00 target price on shares of Arhaus in a research report on Friday, January 10th. Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Tuesday, October 15th. Jefferies Financial Group raised their price objective on Arhaus from $9.50 to $10.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Wedbush cut their price target on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Piper Sandler increased their price target on Arhaus from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.20.

Arhaus Stock Performance

NASDAQ ARHS opened at $11.20 on Monday. The company has a market capitalization of $1.57 billion, a P/E ratio of 20.00, a P/E/G ratio of 14.78 and a beta of 2.58. Arhaus has a 12-month low of $8.30 and a 12-month high of $19.81. The company has a quick ratio of 0.52, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $9.96 and a two-hundred day moving average price of $11.54.

Arhaus (NASDAQ:ARHS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. During the same period last year, the business earned $0.14 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Arhaus will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Arhaus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its position in Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company’s stock valued at $148,455,000 after purchasing an additional 2,536,075 shares during the last quarter. American Century Companies Inc. boosted its position in Arhaus by 120.6% during the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company’s stock valued at $68,785,000 after buying an additional 2,219,554 shares during the period. JPMorgan Chase & Co. increased its holdings in Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company’s stock valued at $24,155,000 after purchasing an additional 1,859,398 shares during the period. William Blair Investment Management LLC bought a new stake in Arhaus in the second quarter valued at $21,034,000. Finally, Wellington Management Group LLP boosted its stake in shares of Arhaus by 107.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,556 shares of the company’s stock valued at $15,160,000 after purchasing an additional 636,691 shares in the last quarter. 27.88% of the stock is currently 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.