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

Arhaus (NASDAQ:ARHS - Free Report) had its target price hoisted by Stifel Nicolaus from $13.00 to $14.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $11.00 price objective on shares of Arhaus in a research note on Friday. Barclays decreased their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. 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. Bank of America cut Arhaus from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $15.00 to $11.00 in a report on Thursday, November 7th. Finally, Wedbush lowered their target price on Arhaus from $11.00 to $10.00 and set a "neutral" 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 MarketBeat.com, Arhaus presently has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Arhaus Stock Performance

ARHS traded down $0.02 during trading on Monday, reaching $10.86. The company's stock had a trading volume of 2,622,050 shares, compared to its average volume of 2,001,279. 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's fifty day moving average price is $9.84 and its 200-day moving average price is $11.62. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 14.78 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last posted its quarterly 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 net margin of 6.18% and a return on equity of 24.92%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, equities analysts forecast that Arhaus will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ARHS. Wasatch Advisors LP grew its holdings in shares of Arhaus by 26.6% during the third quarter. Wasatch Advisors LP now owns 12,059,711 shares of the company's stock worth $148,455,000 after buying an additional 2,536,075 shares in the last quarter. American Century Companies Inc. raised its holdings in Arhaus by 120.6% in the 2nd quarter. American Century Companies Inc. now owns 4,060,484 shares of the company's stock valued at $68,785,000 after acquiring an additional 2,219,554 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Arhaus by 1,808.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,962,232 shares of the company's stock worth $24,155,000 after purchasing an additional 1,859,398 shares during the period. Emerald Advisers LLC boosted its holdings in shares of Arhaus by 2.4% during the third quarter. Emerald Advisers LLC now owns 1,371,567 shares of the company's stock worth $16,884,000 after purchasing an additional 32,077 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Arhaus in the second quarter valued at $21,034,000. Institutional investors and hedge funds 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.