Arhaus (NASDAQ:ARHS - Free Report) had its target price lowered by Barclays from $15.00 to $13.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
ARHS has been the topic of a number of other reports. Bank of America downgraded shares of Arhaus from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $15.00 to $11.00 in a report on Thursday. Wedbush cut their price target on Arhaus from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday. Telsey Advisory Group lowered Arhaus from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $12.00 to $11.00 in a report on Friday. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective on shares of Arhaus in a research report on Wednesday, October 9th. Finally, Robert W. Baird decreased their target price on Arhaus from $18.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.80.
View Our Latest Stock Analysis on ARHS
Arhaus Stock Performance
NASDAQ:ARHS traded down $0.02 during mid-day trading on Friday, hitting $9.68. The company's stock had a trading volume of 1,630,587 shares, compared to its average volume of 1,294,059. The business's fifty day moving average is $10.65 and its two-hundred day moving average is $13.78. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 9.98 and a beta of 2.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.55. Arhaus has a 1 year low of $8.04 and a 1 year high of $19.81.
Arhaus (NASDAQ:ARHS - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The company had revenue of $319.13 million during the quarter, compared to analysts' expectations of $328.94 million. Arhaus had a return on equity of 28.45% and a net margin of 6.92%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts anticipate that Arhaus will post 0.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of ARHS. Amalgamated Bank acquired a new position in shares of Arhaus during the 2nd quarter valued at about $30,000. Quest Partners LLC boosted its holdings in Arhaus by 716,800.0% in 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 during the last quarter. Ground Swell Capital LLC purchased a new stake in shares of Arhaus in the 2nd quarter valued at approximately $183,000. Virtu Financial LLC acquired a new stake in shares of Arhaus during the 1st quarter worth approximately $212,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Arhaus during the 2nd quarter valued at approximately $244,000. 27.88% of the stock is owned by hedge funds and other institutional investors.
About Arhaus
(
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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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