Arhaus (NASDAQ:ARHS) Earns Hold Rating from Analysts at Loop Capital

Research analysts at Loop Capital assumed coverage on shares of Arhaus (NASDAQ:ARHS - Get Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage set a "hold" rating and a $12.00 price target on the stock. Loop Capital's price target indicates a potential downside of 2.12% from the stock's previous close.

A number of other brokerages have also recently commented on ARHS. Barclays dropped their price target on Arhaus from $15.00 to $13.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Bank of America lowered shares of Arhaus from a "buy" rating to a "neutral" rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price target on shares of Arhaus from $9.50 to $10.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Wedbush lowered their target price on shares of Arhaus from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $11.00 price target on shares of Arhaus in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Arhaus currently has a consensus rating of "Moderate Buy" and an average price target of $12.18.

Arhaus Stock Up 0.1 %

Arhaus stock traded up $0.01 during midday trading on Friday, hitting $12.26. 954,937 shares of the stock were exchanged, compared to its average volume of 1,708,287. Arhaus has a 52-week low of $8.30 and a 52-week high of $19.81. 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 business's 50-day moving average price is $10.16 and its 200-day moving average price is $11.39. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 12.14 and a beta of 2.58.

Arhaus (NASDAQ:ARHS - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business 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%. The business's revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. On average, research analysts expect that Arhaus will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amalgamated Bank bought a new position in Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP purchased a new stake in Arhaus during the 3rd quarter valued at $43,000. Intech Investment Management LLC bought a new stake in Arhaus in the 3rd quarter worth $131,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Arhaus in the second quarter valued at about $244,000. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Arhaus during the fourth quarter valued at about $140,000. 27.88% of the stock is currently owned by institutional investors.

About Arhaus

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.