Arhaus, Inc. (NASDAQ:ARHS - Get Free Report) shares were down 4.5% during mid-day trading on Monday . The stock traded as low as $10.07 and last traded at $10.07. Approximately 348,757 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,274,707 shares. The stock had previously closed at $10.55.
Analysts Set New Price Targets
Several analysts recently issued reports on ARHS shares. Craig Hallum downgraded Arhaus from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a report on Wednesday, October 9th. Bank of America cut 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, November 7th. Wedbush dropped their price objective on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Finally, Telsey Advisory Group raised Arhaus from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $11.00 to $12.00 in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.90.
Check Out Our Latest Stock Report on ARHS
Arhaus Price Performance
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 company has a market cap of $1.39 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 14.78 and a beta of 2.58. The business has a fifty day moving average price of $9.77 and a 200 day moving average price of $12.88.
Arhaus (NASDAQ:ARHS - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $319.13 million during the quarter, compared to the consensus estimate of $328.94 million. Arhaus had a net margin of 6.18% and a return on equity of 24.92%. Arhaus's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, research analysts anticipate that Arhaus, Inc. will post 0.42 earnings per share for the current year.
Hedge Funds Weigh In On Arhaus
Large investors have recently bought and sold shares of the company. Amalgamated Bank bought a new position in Arhaus in the second quarter valued at about $30,000. Quantbot Technologies LP bought a new position in Arhaus in the third quarter valued at about $43,000. Quest Partners LLC raised its position in Arhaus by 716,800.0% in the second 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 during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Arhaus in the third quarter valued at about $131,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Arhaus in the second quarter valued at about $183,000. 27.88% of the stock is currently owned by institutional investors.
About Arhaus
(
Get Free Report)
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.
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