Jefferies Financial Group Issues Positive Forecast for Arhaus (NASDAQ:ARHS) Stock Price

Arhaus (NASDAQ:ARHS - Get Free Report) had its price objective increased by stock analysts at Jefferies Financial Group from $9.50 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target suggests a potential downside of 8.09% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Wedbush cut their price objective on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group reissued an "outperform" rating and set a $11.00 price objective on shares of Arhaus in a research report on Friday. Barclays cut their price objective on shares of Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Craig Hallum cut shares of Arhaus from a "buy" rating to a "hold" rating and dropped their price target for the company from $14.00 to $10.00 in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their price target on shares of Arhaus from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Arhaus presently has an average rating of "Moderate Buy" and an average target price of $12.10.

Arhaus Trading Up 15.0 %

Arhaus stock traded up $1.42 during trading hours on Friday, reaching $10.88. 4,981,063 shares of the company's 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 firm's 50 day simple moving average is $9.79 and its 200 day simple moving average is $11.74. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The firm has a market capitalization of $1.53 billion, a PE ratio of 19.43, a PEG ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released 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). The company had revenue of $319.13 million for the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Research analysts predict that Arhaus will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Arhaus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in Arhaus by 41.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 537,296 shares of the company's stock valued at $5,051,000 after buying an additional 157,515 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Arhaus by 1,808.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock valued at $24,155,000 after buying an additional 1,859,398 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Arhaus during the 3rd quarter worth approximately $814,000. Geode Capital Management LLC increased its stake in shares of Arhaus by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,207,981 shares of the company's stock worth $14,874,000 after purchasing an additional 134,312 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Arhaus during the 3rd quarter worth approximately $236,000. Hedge funds and other 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.