Telsey Advisory Group Reaffirms "Outperform" Rating for Arhaus (NASDAQ:ARHS)

Telsey Advisory Group reissued their outperform rating on shares of Arhaus (NASDAQ:ARHS - Free Report) in a research report report published on Friday,Benzinga reports. The firm currently has a $11.00 price target on the stock.

Several other equities research analysts have also issued reports on ARHS. Bank of America lowered Arhaus from a "buy" rating to a "neutral" rating and decreased their target price for the company from $15.00 to $11.00 in a research report on Thursday, November 7th. Stifel Nicolaus decreased their price objective on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating for the company in a report on Monday, November 4th. Barclays dropped their target price on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Craig Hallum lowered shares of Arhaus from a "buy" rating to a "hold" rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price target on shares of Arhaus in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Arhaus has an average rating of "Moderate Buy" and a consensus target price of $12.10.

Arhaus Stock Up 15.0 %

Arhaus stock traded up $1.42 during midday trading on Friday, hitting $10.88. 4,981,063 shares of the stock were exchanged, compared to its average volume of 1,897,820. 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 stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The business's 50-day moving average price is $9.79 and its 200-day moving average price is $11.74.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its earnings results 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 business had revenue of $319.13 million during the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, research analysts expect that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank bought a new position in shares of Arhaus in the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in Arhaus in the 3rd quarter valued at $43,000. Quest Partners LLC grew its position in shares of Arhaus by 716,800.0% during the 2nd 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of Arhaus during the 3rd quarter valued at $131,000. Finally, Olympiad Research LP bought a new position in shares of Arhaus in the third quarter worth $202,000. Institutional investors own 27.88% of the company's stock.

Arhaus Company Profile

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.